Updated Dec 21, 2023
Joel Schwartz Acquires Development Site On Ainslie Street In Williamsburg, Brooklyn For $1.8M
183 Ainslie Street, Williamsburg, Brooklyn, NY, USA
$1,800,000
$323/SF
Building Size
5,570 SF
Asset Type
Development Site
Closing
Feb 25, 2019
About this deal
AI
A development site located at 183 Ainslie Street in Williamsburg, Brooklyn, was recently sold for a price of $1,800,000. The property has a building square footage (BSF) of 5,570, resulting in a price per building square footage (PPBSF) of $323. The sale took place on February 26, 2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 183 Ainslie Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The seller of the development site was Daniel Wyman & Marcela Glusman, while the buyer was Joel Schwartz. The transaction was facilitated by brokers Derek Bestreich, Luke Sproviero, Justin Zeitchik, Donal Flaherty, and Hakeem Lecky from @brg_cre.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Luke Sproviero 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93