Updated Dec 4, 2024
Tony Seenarine Sells Development Site In Williamsburg, Brooklyn For $5M
57 South 6th Street
$5,000,000
$1,392/SF
Building Size
3,590 SF
Asset Type
Development Site
Closing
Jul 2, 2024
About this deal
AI
The Development Site located at 57 South 6th Street in Williamsburg, Brooklyn was sold for $5,000,000. The property spans 3,590 square feet with a price per square foot of $1,393. The building's total square footage amounts to 12,200, resulting in a price per square foot of $410.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- SF: 3,590
- PPSF: $1,393
- BSF: 12,200
- PPBSF: $410
- Address: 57 South 6th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Seller: Tony Seenarine
- Broker: William Diana - Artemis Realty Advisors
The sale of this development site was facilitated by William Diana from Artemis Realty Advisors. For further details regarding this transaction, William Diana can be reached at [email protected].
Brooklyn 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93