Updated Dec 19, 2023
Guy Peleg Acquires Development Site In Williamsburg For $5.3M
717 Grand St, Brooklyn, NY 11211, USA
$5,282,500
$264/SF
Building Size
20,000 SF
Asset Type
Development Site
Closing
Sep 3, 2020
About this deal
AI
A development site located at 717 Grand Street in Williamsburg, with a lot size of 50 ft x 100 ft (5,000 SF), has been sold for a price of $5,282,500. The property is zoned as C4-4A and has a floor area ratio (FAR) of 4. The buyer of the site is Guy Peleg, while the seller is Judy Levine. The transaction took place on September 4, 2020. The property's buildable square footage (BSF) is 20,000, with a price per buildable square footage (PPBSF) of $264.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,282,500
- Address: 717 Grand Street
- Market: Williamsburg
- Zoning: C4-4A
The deal was facilitated by two brokers: George Koncilja from Oxford Property Group and Carson Alexander from Triple Mint.
On the Map
$5,282,500
$264/SF
Development Site
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Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93