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47-51 Diamond Street, Green...

Val Katayev And Daniel Kaykov Of Poise Property Group Acquire Development Site In Greenpoint, Brooklyn From Bobby Kaczor - Bestreich Realty Group Represents The Sale
SOLDDevelopment Site

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

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker
Daniel Kaykov

Daniel Kaykov

Poise Property Group

Buyer

$52.7M

vol

8 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93