Jacob Kohn Sells Development Site On Clay St. In Greenpoint, Brooklyn For $17.3M
SOLD
$17,321,500
New York
See Similar DealsDevelopment Site47,628 SF
Sold 07/14/2022
SOLD
Jacob Kohn Sells Development Site On Clay St. In Greenpoint, Brooklyn For $17.3M
29 Clay Street
See Similar DealsDevelopment Site47,628 SF
Sold 07/14/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$363
Total Square Footage:47,628 SF
Transaction Type:Sale
A development site located at 29 Clay St. in Greenpoint, Brooklyn has been sold for $17,321,500. The property spans 47,628 square feet, resulting in a price per square foot of $363.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $17,321,500
- Address: 29 Clay St.
- Market: Greenpoint, Brooklyn
- Square Footage: 47,628
- Price per Square Foot: $363
The seller of the development site was Jacob Kohn. The deal was facilitated by Izack Lati and Ceasar Salama from KSR.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$923,813.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,539.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,112.75
Annual Debt Service$985,352.96
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