Chris Maldari Acquires Gowanus Development Site For $7.35M
557 3rd St.Brooklyn, NY 11215, USA
$7,350,000
$536/SF
Building Size
13,700 SF
Asset Type
Development Site
Closing
Sep 5, 2023
AI
A development site located at 557-567 3rd Avenue in Gowanus has been sold for $7,350,000. The property has a total square footage of 13,700, resulting in a price per square foot of $536. The building square footage of this site is 29,690, with a price per building square foot of $248.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $7,350,000
- Address: 557-567 3rd Avenue, Gowanus
- Square Footage: 13,700 SF
- Price per Square Foot: $536
- Building Square Footage: 29,690 BSF
- Price per Building Square Foot: $248
Chris Maldari has purchased the development site at 557-567 3rd Avenue, Gowanus from Robert Khoo. The transaction was facilitated by brokers Jakub Nowak and Jesse Kay from Marcus & Millichap.
For more information on the sale of commercial properties, you can contact Jakub Nowak at 718-475-4353 or Jesse Kay at 718-475-4321.
Players
Market 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93