Updated Aug 11, 2026
Yonah Grunhut Of Grun Group Acquires Development Site At 469 Troy Avenue From David Kugel
469 Troy Avenue
Building Size
62,433 SF
Asset Type
Development Site
Closing
Jul 31, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 469 Troy Avenue in Brooklyn. Details of the sale include the transaction date on July 31, 2026, with a specific focus on its nature as a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: 469 Troy Avenue
- Market: Brooklyn
- Buyer: Yonah Grunhut
- Buyer's Company: Grun Group
- Seller: David Kugel
This transaction involved key individuals from both the buying and selling sides, specifically Yonah Grunhut representing Grun Group and David Kugel as the seller in the deal. Their participation reflects a direct engagement in the Brooklyn real estate market.
On the Map
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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