Updated Oct 29, 2024
Michael Pintchik Acquires Retail/Redevelopment Property On 303 Bond St In Gowanus, Brooklyn For $3.25M
303 Bond Street, Brooklyn, NY 11231
$3,250,000
$451/SF
Building Size
7,200 SF
Asset Type
Development Site
Closing
Apr 10, 2019
About this deal
AI
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.
On the Map
$3,250,000
$451/SF
Development Site
View full map
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew (Matt) Rosenzweig to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93