Sam Alison-Mayne Acquires Development Site In Downtown Brooklyn For $12.5M With JLL Brokers
SOLD
$12,500,000
+ 3
New York
See Similar DealsDevelopment Site37,500 SF
Sold 11/04/2020
SOLD
Sam Alison-Mayne Acquires Development Site In Downtown Brooklyn For $12.5M With JLL Brokers
219 Jay St, Brooklyn, NY 11201, USA
See Similar DealsDevelopment Site37,500 SF
Sold 11/04/2020
+ 3
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$333
Total Square Footage:37,500 SF
Transaction Type:Sale
A development site in Downtown Brooklyn has been sold for a transaction price of $12,500,000. The property, located at 219 Jay Street, has a buildable square footage (BSF) of 37,500. This translates to a price per buildable square foot (PPBSF) of $333. The seller of the property was Bernard Dillenberger, while the buyer was Sam Alison-Mayne.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $12,500,000
- Address: 219 Jay Street
- Market: Downtown Brooklyn
- BSF: 37,500
- PPBSF: $333
- Seller: Bernard Dillenberger
- Buyer: Sam Alison-Mayne
The transaction was facilitated by Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara from JLL, who represented both the buyer and the seller in the deal.
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Deal Type
30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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