Brick Real Estate Acquires Development Site In Brooklyn For $3.65M
SOLD
$3,650,000
Massachusetts
See Similar DealsDevelopment Site
Sold 08/16/2022
SOLD
Brick Real Estate Acquires Development Site In Brooklyn For $3.65M
236 Gold Street
See Similar DealsDevelopment Site
Sold 08/16/2022
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale
A development site located at 236 Gold St. in Brooklyn has been sold for a total price of $3,650,000. The property spans 9,750 square feet and has a price per buildable square foot (PPBSF) of $374. The transaction took place on the date of August 16, 2022. The sale was facilitated by Avishai Adiv from Brick Real Estate.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,650,000
- Address: 236 Gold St., Brooklyn
- Market: Brooklyn
- BSF: 9,750
- PPBSF: $374
Avishai Adiv, representing Brick Real Estate, played a crucial role in the successful sale of the development site located at 236 Gold St. in Brooklyn. Their expertise and negotiation skills ensured a smooth transaction for all parties involved.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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