Tavros Capital & Charney Companies Acquire Development Site On Nevins Street In Gowanus, Brooklyn For $102M
300 Nevins Street, Brooklyn, NY 11215
$102,000,000
$202/SF
Building Size
505,000 SF
Asset Type
Development Site
Closing
Dec 30, 2021
AI
A development site located at 300 Nevins Street in Gowanus, Brooklyn has been sold for a total of $102,000,000. The property, with a total square footage of 505,000, was acquired by Tavros Capital and Charney Companies from Property Markets Group. The asset type of the property is a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $102,000,000
- Address: 300 Nevins Street
- Market: Gowanus, Brooklyn
The buyer's representatives in this deal were Ofer Cohen, Dan Marks, and Daniel Lebor from TerraCRG. They facilitated the transaction between Tavros Capital, Charney Companies, and Property Markets Group.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93