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
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