Rosewood Realty Group Sells Development Site In Greenpoint For $82M
49 Dupont Street
$82,000,000
$836/SF
Building Size
98,000 SF
Asset Type
Development Site
Closing
Oct 19, 2022
AI
A development site located at 49 Dupont Street in Greenpoint has been sold for a total of $82,000,000. The property spans across 98,000 square feet and has a price per square foot of $837. This transaction took place on October 19, 2022. The sale was facilitated by Greg Corbin from Rosewood Realty Group, who represented the parties involved in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $82,000,000
- Address: 49 Dupont Street
- Market: Greenpoint
- Square Footage: 98,000 SF
- Price per Square Foot: $837
This significant deal was made possible through the efforts of Greg Corbin from Rosewood Realty Group. His expertise in the real estate market played an instrumental role in successfully closing this transaction. The sale of this development site in Greenpoint marks a significant milestone in the local real estate market.
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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93