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333 Bedford Avenue

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

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

333 Bedford Avenue

$3,500,000

$2,916/SF

Building Size

1,200 SF

Asset Type

Land

Closing

Oct 31, 2023

AI

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

Joel Schwartz

Buyer

$450.9M

vol

43 deals

Buyer

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93