facebook
Traded Co logo
Submit

Tavros Capital Acquires Gowanus Development Site On Nevins Street For $19.5M

Property Image
SOLD
$19,500,000
Jon Kamali
Jacob Tzfanya
Bradley "Brad" Cohen
+ 2

New York

See Similar Deals
Development Site86,465 SF
Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

Tavros Capital Acquires Gowanus Development Site On Nevins Street For $19.5M

239 Nevins Street, Brooklyn, New York 11217, United States

See Similar Deals
Development Site86,465 SF
Sold 12/15/2021
Jon Kamali
Jacob Tzfanya
Bradley "Brad" Cohen
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$225
Total Square Footage:86,465 SF
Transaction Type:Sale

Located in Gowanus, the development site at 239 Nevins Street has been sold in a closed transaction. The property spans a lot size of 10,000 square feet, measuring 100 feet by 100 feet. The sale took place on December 15, 2021, with Tavros Capital acquiring the site from Atkins & Breskin, represented by Jerry Atkins. The sale price for the development site was $19,500,000, with a building square footage (BSF) of 86,465. The price per BSF (PPBSF) was $225. A full demolition permit was filed on June 1, 2021.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $19,500,000
  • Buyer: Tavros Capital
  • Seller: Atkins & Breskin - Jerry Atkins
  • Brokers: Jacob Tzfanya - Z"L, Jon Kamali, Andre Sigourney, and Brad Cohen - CBRE
  • Lot Size: 10,000 square feet (100 ft x 100 ft)
  • Permits Filed: Full Demolition (06/01/2021)

In memory of Jacob Sohne Tzfanya (1979-2019), this transaction represents an opportunity for future development in Gowanus.

Players

Bradley "Brad" Cohen
CBRE
Bradley Cohen
11 deals$134.5M volume(646) 374-8575
BROKER
Jon Kamali
J3K Real Estate
Jon Kamali
31 deals$139.3M volume
BROKER
Andre Sigourney
CBRE
Andre Sigourney
3 deals$23.3M volume
BROKER
Jacob Tzfanya
CBRE
Jacob Tzfanya
6 deals$148.7M volume
BROKER
Tavros Capital
Tavros Capital
BUYER
Jerry Atkins
Jerry Atkins
8 deals$28.6M volume
SELLER

Details

SOLD
IMAGE: 12/15/2021 ADDRESS: 239 Nevins Street MARKET: Gowanus ASSET TYPE: Development Site BUYER: Tavros Capital SELLER: Atkins & Breskin - Jerry Atkins BROKERS: Jacob Tzfanya - Z"L, Jon Kamali (@TheRealJonKa), Andre Sigourney (@AndreSigourney) & Brad Cohen (@BCoheNYC) - CBRE SALE PRICE: $19,500,000 BSF: 86,465 ~ PPBSF: $225 LOT SIZE: 10,000 PERMITS FILED: Full Demolition (06/01/2021) LOT SIZE: 100 ft x 100 ft NOTE: In Loving Memory of Jacob Sohne Tzfanya (1979-2019)

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38