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
- Property Type: Development Site
- Transaction Amount: $6,500,000
- Market: Brooklyn
- Buyer: Carlos Saavedra
- Brokers: Guthrie Garvin, Brendan Maddigan, Jack Norton, Connor McCullough & Winfield Clifford - JLL
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
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