Updated Oct 29, 2024
All Year Management's 94-102 Walworth Street Development Site In Bed-Stuy Brooklyn Acquired For $3.75M
94 Walworth St, Brooklyn, NY 11205, USA
$3,750,000
$1,823/SF
Building Size
2,056 SF
Asset Type
Development Site
Closing
Nov 27, 2018
About this deal
AI
A development site located at 94-102 Walworth Street in Bed-Stuy, Brooklyn has been transacted. The property was acquired by an undisclosed buyer for a loan amount of $3,750,000. The lender in this deal was @urbanstandardcap represented by Seth Weissman. The landlord of the property is All Year Management, headed by Yoel Goldman. The deal was facilitated by Brooklyn Bridge Capital.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,750,000
The key individuals and companies involved in this deal include Seth Weissman, representing @urbanstandardcap as the lender, and Yoel Goldman, the landlord of the property. The deal was sourced by Benjamin Barasch from Urban Standard Capital.
On the Map
$3,750,000
$1,823/SF
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93