facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

57 South 6th Street

Tony Seenarine Sells Development Site In Williamsburg, Brooklyn For $5M
SOLDDevelopment Site

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].

Players

William Diana

WTD Realty Partners

Broker

$110.3M

vol

33 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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