Phil Miller Acquires Williamsburg Development Site On Bedford Ave For $3.8M
276 Bedford Ave, Brooklyn, NY 11249, USA
$3,797,250
$69/SF
Building Size
54,720 SF
Asset Type
Development Site
Closing
May 17, 2020
AI
A development site located at 276-278 Bedford Ave in Williamsburg, BK has been sold for a total of $3,797,250. The property has a total square footage of 5,472 and a price per square foot of $694.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,797,250
- Address: 276-278 Bedford Ave
- Market: Williamsburg, BK
- Total Square Footage: 5,472
- Price Per Square Foot: $694
The seller of the property was Victoria Dejesus, while the buyer was Phil Miller. The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, and Mike Salvatico from @NewYorkMultifamily.
Players
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
4.18%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93