Updated Oct 29, 2024
Habitat Living Acquires Park Slope Development Site For $4.5M
42-44 Garfield Place
$4,500,000
$711/SF
Building Size
6,325 SF
Asset Type
Development Site
Closing
Nov 9, 2022
About this deal
AI
A development site located at 42-44 Garfield Place in Park Slope has been sold for $4,500,000. Spanning 6,325 square feet, this property was sold at a price per square foot of $711.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,500,000
Habitat Living, represented by Eli Scharf, acquired the property from seller Donald Knox.
The development site sale at 42-44 Garfield Place in Arroyo Grande, California sold for $4.5M in 2022. The building is 6,325 square feet, implying about 711 per square foot on the published price. Named participants on the 42-44 Garfield Place sale are Donald Knox, Elie Scharf. This page is the Arroyo Grande, California file for the 42-44 Garfield Place development site sold: pricing, party profiles, and other closed development site comps from the same Arroyo Grande sit in the Market section below. Filter that Arroyo Grande development site set by closing date to see what else sold near 42-44 Garfield Place around 2022. Published consideration for 42-44 Garfield Place is $4.5M, dated 2022. Cite this Habitat Living Acquires Park Slope Development Site For $4.5M sale when underwriting similar development site product around Arroyo Grande, California.
On the Map
$4,500,000
$711/SF
Development Site
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Arroyo Grande Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93