SOLDDevelopment Site
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
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.
Arroyo Grande Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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