Machiavelli Thomas Acquires Development Site In Red Hook For $3.85M
336 Van Brunt Street, 103 King Street & 105 King Street
$3,850,000
Building Size
—
Asset Type
Development Site
Closing
Jun 28, 2024
AI
The development site located at 336 Van Brunt, 103 King Street & 105 King Street in Red Hook, Brooklyn was sold for $3,850,000. The property spans 13,400 square feet with a price per buildable square foot of $287.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,850,000
- Address: 336 Van Brunt, 103 King Street & 105 King Street
- Market: Red Hook, Brooklyn
- Buyer: Machiavelli Thomas
- Seller: Tom Anagnos
- Brokers: Haritini Pandis & Cristina Candio - Compass
Machiavelli Thomas purchased the development site with Haritini Pandis and Cristina Candio from Compass representing both the buyer and the seller, Tom Anagnos. This transaction showcases the collaborative effort of the individuals and the brokerage firm involved in the deal.
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93