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415 Degraw Street, Brooklyn...

Carlos Saavedra Acquires Development Site In Brooklyn For $6.5M
SOLDDevelopment Site

Carlos Saavedra Acquires Development Site In Brooklyn For $6.5M

415 Degraw Street, Brooklyn, New York 11217, United States

$6,500,000

$491/SF

Building Size

13,224 SF

Asset Type

Development Site

Closing

Mar 9, 2022

AI

Located at 415 Degraw St. in Brooklyn, this development site was recently sold in a closed transaction. The property, with a building square footage (BSF) of 13,224, offers great potential for development.

Summary of transaction details

Carlos Saavedra acquired this development site for $6,500,000. The transaction was facilitated by a team of brokers from JLL, including Guthrie Garvin, Brendan Maddigan, Jack Norton, Connor McCullough, and Winfield Clifford.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$118.1M

vol

21 deals

Buyer

New York 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93