Guy Moore Acquires Development Site In Greenpoint For $1.75M
SOLD
$1,750,000
+ 1
New York
See Similar DealsDevelopment Site5,000 SF
Sold 06/15/2022
SOLD
Guy Moore Acquires Development Site In Greenpoint For $1.75M
58 Dupont Street, Brooklyn, New York 11222, United States
See Similar DealsDevelopment Site5,000 SF
Sold 06/15/2022
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$350
Total Square Footage:5,000 SF
Transaction Type:Sale
Located in the Greenpoint market, the development site at 58 Dupont St. has been sold in a recent transaction. The property offers potential for future development, with a building size of 5,000 square feet. The sale price for this asset was $1,750,000, resulting in a price per buildable square foot (PPBSF) of $350.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,750,000
- Address: 58 Dupont St., Greenpoint
- Market: Greenpoint
The buyer for this transaction was Guy Moore, while Joseph Folkman acted as the seller. Representing the buyer and seller were brokers Dan OBrien, Will Diana, Caroline Hodes, and Jake McGuffog from Cushman & Wakefield.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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