Joshua Greenberg Acquires Development Site In Williamsburg, Brooklyn For $5.1M
566-568 Grand St, Williamsburg, Brooklyn, NY, USA
$5,100,000
$394/SF
Building Size
12,937 SF
Asset Type
Development Site
Closing
Oct 8, 2021
AI
A development site located at 566-568 Grand St. in Williamsburg, Brooklyn has been sold for a price of $5,100,000. The property, with a total square footage of 12,937, was acquired by Joshua Greenberg from the seller Olimpia Romero. The sale was facilitated by brokers Robert Napolitano and Jessie Lookfong from Capri Jet Realty, along with Michal Kuras from William Green Real Estate.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,100,000
- Address: 566-568 Grand St., Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Buyer: Joshua Greenberg
- Seller: Olimpia Romero
- Brokers: Robert Napolitano - Capri Jet Realty, Jessie Lookfong - Capri Jet Realty, Michal Kuras - William Green Real Estate
The deal between Joshua Greenberg and Olimpia Romero involves the purchase of a development site at 566-568 Grand St. in Williamsburg, Brooklyn. The property has a total square footage of 12,937 and was sold for a price of $5,100,000. The sale was facilitated by brokers Robert Napolitano and Jessie Lookfong from Capri Jet Realty, along with Michal Kuras from William Green Real Estate.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93