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Joel Schwartz's 333 Bedford Ave LLC Acquires Land In Williamsburg, Brooklyn For $3.5M

Property Image
SOLD
$3,500,000

New York

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Land1,200 SF
Sold 10/31/2023
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Property Image
SOLD

Joel Schwartz's 333 Bedford Ave LLC Acquires Land In Williamsburg, Brooklyn For $3.5M

333 Bedford Avenue

See Similar Deals
Land1,200 SF
Sold 10/31/2023
Contact now

Summary

NEW YORK
Asset Type:Land
Price Per Square Foot:$2,916
Total Square Footage:1,200 SF
Transaction Type:Sale

A vacant lot located at 333 Bedford Avenue in Williamsburg, Brooklyn has been sold in a transaction for $3.5 million. The buyer, Joel Schwartz, operating through 333 Bedford Ave LLC, acquired the property from David Ruiz and Benito Ruiz.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $3,500,000
  • Market: Williamsburg, Brooklyn
  • Address: 333 Bedford Avenue

Joel Schwartz, operating through 333 Bedford Ave LLC, has purchased a vacant lot at 333 Bedford Avenue in Williamsburg, Brooklyn for $3.5 million. The lot spans 1,200 square feet with a price per square foot of $2,917. The building square footage (BSF) is 9,743 with a price per BSF of $359.

Note: Joel Schwartz, operating through 333 Bedford Ave LLC, has acquired a vacant lot at 333 Bedford Avenue in Williamsburg, Brooklyn, for $3.5 million from David Ruiz and Benito Ruiz.

Players

43 deals$450.9M volume
BUYER

43 deals$450.9M volume
BUYER

43 deals$450.9M volume
BUYER

Details

SOLD
IMAGE: 10/31/2023 ADDRESS: 333 Bedford Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Land BUYER: Joel Schwartz SELLER: David Ruiz & Benito Ruiz SALE PRICE: $3,500,000 BSF: 9,743 ~ PPBSF: $359 SF: 1,200 ~ PPSF: $2,917 NOTE: Joel Schwartz, operating through 333 Bedford Ave LLC, has acquired a vacant lot at 333 Bedford Avenue in Williamsburg, Brooklyn, for $3.5 million from David Ruiz and Benito Ruiz. $Brooklyn

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
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