Bruman Realty Acquires Development Site In Brooklyn For $60M
169 Tillary St, Brooklyn, NY 11201, USA
$60,000,000
$300/SF
Building Size
200,000 SF
Asset Type
Development Site
Closing
Jul 30, 2018
AI
A development site located at 240 Gold St, 169 Tillary St in Brooklyn was recently sold for $60,000,000. The property spans across 200,000 square feet and offers 262 units. The transaction took place on July 31, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $60,000,000
- Address: 240 Gold St, 169 Tillary St
- Market: Brooklyn
The seller of the development site was Michael Zacharias, while Bruman Realty acted as the buyer. Steven Irizarry and Justin Martinez, representing @ihaverealestate and @justinmartineznyc respectively, served as the buyer's brokers. The seller's broker was @avison_young_global Vin Carrega, Jon Epstein, Charles Kingsley, Neil Helman, Erik [...].
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93