facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

336 Van Brunt Street

Machiavelli Thomas Acquires Development Site In Red Hook For $3.85M
SOLDDevelopment Site

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:

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.

Players

Cristina Candio

Compass

Broker

$7.3M

vol

2 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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