Michael Pintchik Acquires Retail/Redevelopment Property On 303 Bond St In Gowanus, Brooklyn For $3.25M
SOLD
$3,250,000
+ 2
New York
See Similar DealsDevelopment Site7,200 SF
Sold 04/11/2019
SOLD
Michael Pintchik Acquires Retail/Redevelopment Property On 303 Bond St In Gowanus, Brooklyn For $3.25M
303 Bond Street, Brooklyn, NY 11231
See Similar DealsDevelopment Site7,200 SF
Sold 04/11/2019
+ 2
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$451
Total Square Footage:7,200 SF
Transaction Type:Sale
The property involved in this closed transaction is located at 303 Bond St in Gowanus, Brooklyn. It is a retail space that also offers redevelopment potential. The transaction took place on April 11, 2019.
Summary of transaction details:
- Property Type: Retail / Redevelopment
- Transaction Amount: $3,250,000
- Address: 303 Bond St
- Market: Gowanus, Brooklyn
The seller of the property was York Capital Management, with Michael Kavourias representing them. The buyer was Michael Pintchik. The deal was facilitated by brokers Jakub Nowak, Matt Rosenzweig, Jason Grunberg, and Jesse Kay from Nowak+Partners at Marcus & Millichap NY.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
Is there something missing? Send suggestions