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300 Nevins Street, Brooklyn...

Tavros Capital & Charney Companies Acquire Development Site On Nevins Street In Gowanus, Brooklyn For $102M
SOLDDevelopment Site

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

Daniel Lebor

Terra CRG

Broker

$995.3M

vol

51 deals

Broker
Tavros Capital
Tavros CapitalBuyer
Property Markets Group
Property Markets GroupSeller

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