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68 Havemeyer Street, Brookl...

Updated Oct 13, 2026

Patoma Acquires Development Site On Havemeyer Street In Williamsburg, Brooklyn For $4.35M
SOLDDevelopment Site

Patoma Acquires Development Site On Havemeyer Street In Williamsburg, Brooklyn For $4.35M

68 Havemeyer Street, Brooklyn, NY 11211

$4,350,000

$480/SF

Building Size

9,045 SF

Asset Type

Development Site

Closing

Dec 29, 2021

About this deal

AI

Located in Williamsburg, Brooklyn, the development site at 6-8 Havemeyer Street has been sold for a price of $4,350,000. The property spans a total square footage of 9,045, with a price per square foot of $480. The transaction took place on December 29, 2021.

Summary of Transaction Details

The deal involved multiple key individuals and companies. Patoma, represented by Paul Henry and Tom Finnican, acted as the buyer. The seller, The Morawiec Family, was represented by Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes from Bestreich Realty Group (BRG).

On the Map

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$4,350,000

$480/SF

Development Site

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Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$258.6M

vol

65 deals

Broker
Donal Flaherty
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Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$469M

vol

108 deals

Broker

Paul Henry

Patoma Partners

Buyer

$4.4M

vol

1 deal

Buyer
PP
Patoma PartnersBuyer

Morawiec Family

Seller

$4.4M

vol

1 deal

Seller
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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $480 per square foot on a published $4.4M for 9,045 square feet (2021).

Visit Luke Sproviero to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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