Updated Oct 28, 2024
City Urban Realty Acquires Development Site In Williamsburg For $7.8M
97 North 6th Street, Brooklyn, New York 11249, United States
$7,800,000
$693/SF
Building Size
11,250 SF
Asset Type
Development Site
Closing
May 11, 2022
About this deal
AI
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
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93