Updated Sep 5, 2024
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
About this deal
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.
The development site sale at 29 Clay Street in New York, New York sold for $17.3M in 2022. The building is 47,628 square feet, implying about 363 per square foot on the published price. Izack Lati, Ceasar Salama, Jacob Kohn, Kassin Sabbagh Realty appear on the sale alongside Kassin Sabbagh Realty. This page is the New York, New York file for the 29 Clay Street development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 29 Clay Street around 2022. Published consideration for 29 Clay Street is $17.3M, dated 2022. Cite this Jacob Kohn Sells Development Site On Clay St. In Greenpoint, Brooklyn For $17.3M sale when underwriting similar development site product around New York, New York.
Players
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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