SOLD
Arik Bar Chaim Sells Bedford-Stuyvesant Development Site For $9.5M
1230 Bedford Ave, Brooklyn, NY
Building Size
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Asset Type
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Closing
Jan 23, 2023
AI
A development site located at 1230 Bedford Avenue in Bedford-Stuyvesant has been sold for a total price of $9,483,115. This property spans across 8,035 square feet and has an average price per square foot of $1,267.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,483,115
- Address: 1230 Bedford Avenue, Bedford-Stuyvesant
- Market: Bedford-Stuyvesant
- Seller: Arik Bar Chaim
- Broker: Revital Bar Chaim & Sara Golan - NestSeekers
- Square Footage: 8,035
- Average Price Per Square Foot: $1,267
The sale of this development site was facilitated by Revital Bar Chaim and Sara Golan from NestSeekers. They represented the seller, Arik Bar Chaim, in this transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93