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236 Gold Street

Brick Real Estate Acquires Development Site In Brooklyn For $3.65M
SOLDDevelopment Site

Brick Real Estate Acquires Development Site In Brooklyn For $3.65M

236 Gold Street

$3,650,000

Building Size

Asset Type

Development Site

Closing

Aug 16, 2022

AI

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

Avishai Adiv

Brick Real Estate

Broker

$9.7M

vol

3 deals

Broker

Buffalo 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93