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171 Calyer Street, Brooklyn...

KSR Capital Acquires Mixed-Use Property In Greenpoint For $14.2M
SOLDMixed-use

KSR Capital Acquires Mixed-Use Property In Greenpoint For $14.2M

171 Calyer Street, Brooklyn, New York 11222, United States

$14,200,000

$300/SF

Building Size

47,250 SF

Asset Type

Mixed-use

Closing

Jun 9, 2022

AI

Located at 171 Calyer St. in Greenpoint, this mixed-use property has recently been sold for a price of $14,200,000. The property spans over a total area of 47,250 square feet, resulting in a price per square foot of $300. This transaction took place on 06/10/2022 and involved the collaboration of developers Gregory Dweck, Ceasar Salama, Morris Sabbagh, and Abraham Kassin of KSR Capital and VISABE Corp. In addition, Salomon Cojab, Victor Mougrabi, and Alberto Cojab represented the interests of the buyers in this deal.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $14,200,000
  • Address: 171 Calyer St.
  • Market: Greenpoint
  • Square Footage: 47,250
  • Price per Square Foot: $300

KSR Capital and VISABE Corp have partnered to develop a premier mixed-use condo project in Greenpoint's Historic District. This collaboration highlights their active search for potential opportunities in Brooklyn and Manhattan. For inquiries, please contact Ceasar Salama at [email protected] or (908) 675-2158.

Players

Ceasar Salama

Kassin Sabbagh Realty

Broker

$383.1M

vol

32 deals

Broker
Israel Discount Bank
Israel Discount Bank Lender

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

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93