Avery Hall Acquires Development Site In Fort Greene For $6.7M
115 Willoughby St, Brooklyn, NY 11201, USA
$6,700,000
$35/SF
Building Size
190,340 SF
Asset Type
Mixed-use
Closing
Jan 23, 2020
About this deal
AI
A mixed-use development site located at 115 Willoughby Street in Fort Greene has been sold for $6,700,000. The property spans 19,034 square feet and is valued at a rate of $352 per square foot.
Summary of transation details
- Property Type: Mixed-use / Development site
- Transaction Amount: $6,700,000
- Building Square Footage: 19,034
- Price Per Square Foot: $352
- Market: Fort Greene
Avery Hall, represented by Brian Ezra and Avi Fisher, emerged as the buyer in this transaction. They acquired the property from Selnes, with Frank Selnes and Stephen Schipani as the sellers. The seller's representative in the deal was Michael Cimino.
On the Map
$6,700,000
$35/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93