Updated Dec 18, 2023
TerraCRG Brokers Daniel Lebor & Andrew Manasia Sell Bushwick Development Site
373 Knickerbocker Avenue, Brooklyn, New York 11237, United States
$6,200,000
$376/SF
Building Size
16,450 SF
Asset Type
Development Site
Closing
Feb 15, 2022
About this deal
AI
The development site located at 373-379 Knickerbocker Avenue in Bushwick, Brooklyn has been sold for $6,200,000. The property spans 16,450 square feet, with a price per buildable square foot (PPBSF) of $376. The sale was facilitated by TerraCRG brokers Daniel Lebor and Andrew Manasia.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 373-379 Knickerbocker Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- BSF: 16,450
- PPBSF: $376
Daniel Lebor and Andrew Manasia, representing TerraCRG, played a key role in facilitating the sale of the development site at 373-379 Knickerbocker Avenue in Bushwick, Brooklyn. Their expertise and negotiation skills contributed to the successful transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93