Rosewood Realty Group Sells Development Site In Greenpoint For $82M
SOLD
$82,000,000
New York
See Similar DealsDevelopment Site98,000 SF
Sold 10/19/2022
SOLD
Rosewood Realty Group Sells Development Site In Greenpoint For $82M
49 Dupont Street
See Similar DealsDevelopment Site98,000 SF
Sold 10/19/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$836
Total Square Footage:98,000 SF
Transaction Type:Sale
A development site located at 49 Dupont Street in Greenpoint has been sold for a total of $82,000,000. The property spans across 98,000 square feet and has a price per square foot of $837. This transaction took place on October 19, 2022. The sale was facilitated by Greg Corbin from Rosewood Realty Group, who represented the parties involved in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $82,000,000
- Address: 49 Dupont Street
- Market: Greenpoint
- Square Footage: 98,000 SF
- Price per Square Foot: $837
This significant deal was made possible through the efforts of Greg Corbin from Rosewood Realty Group. His expertise in the real estate market played an instrumental role in successfully closing this transaction. The sale of this development site in Greenpoint marks a significant milestone in the local real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,373,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$291,328.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$388,721.83
Annual Debt Service$4,664,662.01
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