Updated Sep 5, 2024
Investment Property Realty Group Brokers Sell Williamsburg Development Site For $4M
188 190 Ainslie Street
$4,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 16, 2023
About this deal
AI
The Development Site located at 188-190 Ainslie Street in Williamsburg, Brooklyn, was recently sold in a closed transaction. The property was sold by The Reccardi Family.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $4,000,000
- SF: 5,100
- PPSF: $784
- BSF: 10,200
- PPBSF: $392
The deal was facilitated by Investment Property Realty Group (IPRG). The brokers involved in the transaction were Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde, all representing IPRG.
Players
Brisbane City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93