Tavros Capital & Charney Companies Acquire Development Site On Nevins Street In Gowanus, Brooklyn For $102M
SOLD
$102,000,000
New York
See Similar DealsDevelopment Site505,000 SF
Sold 12/30/2021
SOLD
Tavros Capital & Charney Companies Acquire Development Site On Nevins Street In Gowanus, Brooklyn For $102M
300 Nevins Street, Brooklyn, NY 11215
See Similar DealsDevelopment Site505,000 SF
Sold 12/30/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$202
Total Square Footage:505,000 SF
Transaction Type:Sale
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
BUYER
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,440,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$362,384.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$483,532.04
Annual Debt Service$5,802,384.46
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