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250 Water Street

Nicholas Silvers & Dov Barnett Of Tavros Capital Acquire Land At 250 Water Street For $150.5M
SOLDLand

Nicholas Silvers & Dov Barnett Of Tavros Capital Acquire Land At 250 Water Street For $150.5M

250 Water Street

$150,500,000

Building Size

Asset Type

Land

Closing

Aug 19, 2025

AI

The property involved is a 1-acre land site located at 250 Water Street in the Financial District. The asset was acquired for a transaction amount of $150.5 million. It features 55,000 building square feet, resulting in a price per building square foot of $2,736. This acquisition is positioned to facilitate the development of a 27-story, 550,000-square-foot apartment tower.

Summary of transaction details:

The transaction saw Nicholas Silvers and Dov Barnett representing Tavros Capital as the buyers, while Anton Nikodemus acted as the seller representing Seaport Entertainment Group. The brokerage team from JLL facilitated the deal, which awarded Tavros Capital a significant development opportunity in an emerging market.

Players

Andrew Scandalios

JLL

Broker

$12B

vol

68 deals

Broker
JLL
JLLBrokerage
Nicholas Silvers

Nicholas Silvers

Tavros Capital

Buyer

$1.1B

vol

6 deals

Buyer
Anton Nikodemus

Anton Nikodemus

Seaport Entertainment Group

Seller

$150.5M

vol

1 deal

Seller
Seaport Entertainment Group
Seaport Entertainment GroupSeller
Tavros Capital
Tavros CapitalLandlord

Brooklyn Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93