Updated Oct 29, 2024
Lee J. Cohen Acquires Greenpoint Dev. Site In Brooklyn For $3.18M
996 Manhattan Ave, Brooklyn, NY 11222, USA
Building Size
4,082 SF
Asset Type
Development Site
Closing
Apr 12, 2018
About this deal
AI
A development site located at 996 Manhattan Avenue in Greenpoint, Brooklyn was recently sold in a closed transaction. The property, with a total square footage of 11,500 sf, was sold for a price of $3,177,000. The price per square footage for the property is $276. The transaction took place on April 13, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,177,000
- Buyer: Lee J. Cohen – @BHLD_Capital
- Seller: Ephraim Vashovsky- Vasco Ventures
The buyer in this transaction is Lee J. Cohen, representing BHLD_Capital. Ephraim Vashovsky, on the other hand, represented Vasco Ventures as the seller's representative.
On the Map
Development Site
View full map
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93