Updated Oct 29, 2024
Belvedere Bridge Enterprises Acquires Greenpoint Development Site For $1.36M
632 Humboldt St, Brooklyn, NY 11222, USA
$1,360,000
$1,416/SF
Building Size
960 SF
Asset Type
Development Site
Closing
Nov 8, 2018
About this deal
AI
A development site located at 632 Humboldt Street in Greenpoint has been sold for a price of $1,360,000. The property has a lot size of 23.75 ft. x 100 ft. and is zoned as R6B. With a buildable square footage of 4,750, the price per buildable square foot comes to $286.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,360,000
- Lot Size: 23.75 ft. x 100 ft.
- Zoning: R6B
- Buildable Square Footage: 4,750
- Price per Buildable Square Foot: $286
The seller of the property was the Estate of Clara Babecki, while the buyer was Belvedere Bridge Enterprises Inc, represented by Krzysztof Rostek. The transaction was facilitated by brokers Hakeem Lecky and Luke Sproviero from BRG Commercial Real Estate.
On the Map
$1,360,000
$1,416/SF
Development Site
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Players
New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.66%
Cash-on-Cash
-3.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93