Val Katayev And Daniel Kaykov Of Poise Property Group Acquire Development Site In Greenpoint, Brooklyn From Bobby Kaczor - Bestreich Realty Group Represents The Sale
47-51 Diamond Street, Greenpoint, Brooklyn, NY, USA
$5,100,000
$386/SF
Building Size
13,200 SF
Asset Type
Development Site
Closing
Oct 21, 2021
AI
Located in the neighborhood of Greenpoint, Brooklyn, a development site at 47-51 Diamond Street has recently changed hands in a sale transaction. The property, spanning a total of 13,200 square feet, was acquired by Val Katayev and Daniel Kaykov of Poise Property Group. The sale was facilitated by the brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes from Bestreich Realty Group (BRG). The deal was finalized on October 21, 2021, with a sale price of $5,100,000.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $5,100,000
- Address: 47-51 Diamond Street
- Market: Greenpoint, Brooklyn
- Buyer: Val Katayev & Daniel Kaykov - Poise Property Group
- Seller: Bobby Kaczor
- Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, Corey Haynes - Bestreich Realty Group (BRG)
The buyers, Val Katayev and Daniel Kaykov, both representing Poise Property Group, have made a strategic investment in the development site. The property offers potential for future development and growth opportunities in the Greenpoint market. The sellers, Bobby Kaczor, have successfully closed the deal with the assistance of the Bestreich Realty Group (BRG) team, consisting of Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93