Updated Dec 20, 2023
Esther Judelson Acquires Development Site In Williamsburg, Brooklyn For $1.2M
68 South 1st Street, Brooklyn, New York 11249, United States
$1,200,000
$633/SF
Building Size
1,894 SF
Asset Type
Development Site
Closing
Sep 27, 2022
About this deal
AI
A development site located at 68 S. 1st St. in Williamsburg, Brooklyn has been sold for a price of $1,200,000. The transaction took place on September 28, 2022.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $1,200,000
- Address: 68 S. 1st St.
- Market: Williamsburg, Brooklyn
- Seller: Jonah Pregerson
- Buyer: Esther Judelson
- Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura - Investment Property Realty Group (IPRG)
The property has a total building square footage (BSF) of 1,894 with a price per square foot (PPSF) of $633.
Luke Sproviero, Donal Flaherty, Derek Bestreich, Corey Haynes, and Thomas Ventura, of Investment Property Realty Group (IPRG), represented the buyer and seller in this transaction.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Thomas Ventura to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93