Capri Jet Realty Acquires Development Site In Williamsburg, Brooklyn For $3.1M
543 Metropolitan Avenue, Brooklyn, New York 11211, United States
$3,100,000
$289/SF
Building Size
10,700 SF
Asset Type
Development Site
Closing
Apr 14, 2022
AI
A development site located at 543-545 Metropolitan Avenue in Williamsburg, Brooklyn has been sold for a price of $3,100,000. The property, with a building square footage (BSF) of 10,700, was listed at a price per building square footage (PPBSF) of $289. The transaction took place on April 15, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,100,000
- Address: 543-545 Metropolitan Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Seller: Rosalie Klenosky
- Seller’s Representative: Robert Napolitano & Jessie Lookfong - Capri Jet Realty
- Buyer's Representative: Michael Bifalco - Capri Jet Realty
- BSF: 10,700
- PPBSF: $289
Capri Jet Realty, located at 533 Metropolitan Avenue in Williamsburg, specializes in the sale of multi-families, mixed-use investment properties, and development sites. The agency, involved in this transaction, has been in business for over 30 years.
Contact Capri Jet Realty at 347-450-3577 or visit their website at www.CapriJetRealty.com.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93