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Bestreich Realty Group Represents Seller In $2M Sale Of Development Site In Gowanus, Brooklyn

Property Image
SOLD
$2,000,000
Toby Waring
Luke Sproviero
Gabriel Kates
+ 4

New York

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Development Site7,200 SF
Sold 07/27/2020
the dealplayerscompscontact
Property Image
SOLD

Bestreich Realty Group Represents Seller In $2M Sale Of Development Site In Gowanus, Brooklyn

548-550 Union Street, Brooklyn, NY 11215, USA

See Similar Deals
Development Site7,200 SF
Sold 07/27/2020
Toby Waring
Luke Sproviero
Gabriel Kates
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$277
Total Square Footage:7,200 SF
Transaction Type:Sale

A development site located at 548-550 Union Street in Gowanus, Brooklyn has been sold for a price of $2,000,000. The property, with a lot size of 40 ft x 90 ft, offers a great opportunity for development in this desirable neighborhood.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $2,000,000
  • Address: 548-550 Union Street, Gowanus, Brooklyn
  • Market: Gowanus, Brooklyn
  • Built Square Footage: 7,200
  • Price per Built Square Foot: $278
  • Seller: Donald Knox

The sale of this development site was facilitated by the team at Bestreich Realty Group. The brokers involved in the transaction were Derek Bestreich, Luke Sproviero, Adam Lobel, Gabriel Kates, Toby Waring, and Daniel Shawah. Their expertise and knowledge of the Gowanus market played a crucial role in ensuring the successful sale of the property.

Players

Adam Lobel
Investment Property Realty Group (IPRG)
Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Daniel Shawah
Baldwin Pearson & Co
Daniel Shawah
33 deals$103.9M volume(203) 531-6348
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Toby Waring
Investment Property Realty Group (IPRG)
Toby Waring
89 deals$348.6M volume
BROKER
Gabriel Kates
Block Real Estate Group
Gabriel Kates
59 deals$158.4M volume(508) 365-8278
BROKER
DK
Donald Knox
2 deals$6.5M volume
SELLER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero & Daniel Shawah DATE: 07/27/2021 ADDRESS: 548-550 Union Street MARKET: Gowanus, Brooklyn ASSET TYPE: Development Site 🏗 SELLER: Donald Knox BROKERS: Derek Bestreich, Luke Sproviero, Adam Lobel, Gabriel Kates, Toby Waring & Daniel Shawah - Bestreich Realty Group (@BRG_CRE) SALE PRICE: $2,000,000 BSF: 7,200 ~ PPBSF: $278 LOT SIZE: 40 ft x 90 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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