SOLDDevelopment Site
Jacob Kohn Sells Development Site On Clay St. In Greenpoint, Brooklyn For $17.3M
29 Clay Street
$17,321,500
$363/SF
Building Size
47,628 SF
Asset Type
Development Site
Closing
Jul 14, 2022
AI
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
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93