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
Buffalo 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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93