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29 Clay Street

Jacob Kohn Sells Development Site On Clay St. In Greenpoint, Brooklyn For $17.3M
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

Ceasar Salama

Kassin Sabbagh Realty

Broker

$383.1M

vol

32 deals

Broker

Jacob Kohn

Jay Group

Seller

$319.8M

vol

10 deals

Seller

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