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219 Jay St, Brooklyn, NY 11...

Sam Alison-Mayne Acquires Development Site In Downtown Brooklyn For $12.5M With JLL Brokers
SOLDDevelopment Site

Sam Alison-Mayne Acquires Development Site In Downtown Brooklyn For $12.5M With JLL Brokers

219 Jay St, Brooklyn, NY 11201, USA

$12,500,000

$333/SF

Building Size

37,500 SF

Asset Type

Development Site

Closing

Nov 4, 2020

AI

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.

Players

Brendan Maddigan

JLL

Broker

$4.8B

vol

129 deals

Broker
Sam Alison-Mayne

Sam Alison-Mayne

Tankhouse

Buyer

$138.4M

vol

5 deals

Buyer

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93