Joel Schwartz Acquires Development Site On Meeker Avenue, Williamsburg For $4.81M
352 Meeker Avenue, Brooklyn, NY 11211, USA
$4,810,000
$880/SF
Building Size
5,462 SF
Asset Type
Development Site
Closing
Jun 25, 2020
AI
A development site located at 352 Meeker Avenue in Williamsburg, Brooklyn has been sold in a recent transaction. The property, with a lot size of 5,462 SF, was sold for a price of $4,810,000. The sale took place on 06/25/2021, and the buyer was Joel Schwartz. Marie Martin acted as the seller in the deal. The transaction was facilitated by Jeffrey A. Shalom and Alex Svetlakou from Cushman & Wakefield, who represented the seller as their representatives.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,810,000
- Address: 352 Meeker Avenue, Williamsburg
- Market: Williamsburg
- Buyer: Joel Schwartz
- Seller: Marie Martin
- Seller's Rep: Jeffrey A. Shalom & Alex Svetlakou - Cushman & Wakefield
- BSF: 14,747
- PPBSF: $326
- Zoning: M1-2/R6
- Lot Size: 5,462 SF
For more information and other Brooklyn opportunities currently available, please contact Jeffrey A. Shalom at (718) 307-6558 or email [email protected].
Players
New York 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93