Jacob Kohn Acquires Development Site On Metropolitan Ave In Brooklyn For $9.75M
808 Metropolitan Avenue
$9,750,000
Building Size
—
Asset Type
Development Site
Closing
Jun 28, 2022
AI
A development site located at 808 Metropolitan Ave. in Brooklyn has been sold in a recent transaction. The property, with a sale price of $9,750,000, is a significant asset in the market. With a building square footage (BSF) of 52,000, the price per building square footage (PPBSF) stands at $187, reflecting the value of the property.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,750,000
- Address: 808 Metropolitan Ave.
- Market: Brooklyn
The deal involved Jacob Kohn as the buyer and Speedway represented by Beth Hunter as the seller. The brokerage firm Ackman-Ziff facilitated the transaction with Andrew Sasson and Chad Sinsheimer serving as the brokers. Their roles were crucial in ensuring the successful completion of the deal.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93