Machiavelli Thomas Acquires Development Site In Red Hook For $3.85M
SOLD
$3,850,000
New York
See Similar DealsDevelopment Site
Sold 06/28/2024
SOLD
Machiavelli Thomas Acquires Development Site In Red Hook For $3.85M
336 Van Brunt Street, 103 King Street & 105 King Street
See Similar DealsDevelopment Site
Sold 06/28/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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