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
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