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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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