City Urban Realty Acquires Development Site In Williamsburg For $7.8M
SOLD
$7,800,000
New York
See Similar DealsDevelopment Site11,250 SF
Sold 05/12/2022
SOLD
City Urban Realty Acquires Development Site In Williamsburg For $7.8M
97 North 6th Street, Brooklyn, New York 11249, United States
See Similar DealsDevelopment Site11,250 SF
Sold 05/12/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$693
Total Square Footage:11,250 SF
Transaction Type:Sale
The development site located at 97 North 6th Street in Williamsburg has recently been sold. The sale took place on 05/12/2022 for a total price of $7,800,000. The property has a buildable square footage (BSF) of 11,250 and a price per buildable square footage (PPBSF) of $693.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,800,000
- Address: 97 North 6th Street
- Market: Williamsburg
The buyer of the property is City Urban Realty, while the seller is Adrian David Marantz.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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