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1009 Decatur Street

NSD NY Acquires Development Site In Bushwick, Brooklyn For $1.06M
SOLDDevelopment Site

NSD NY Acquires Development Site In Bushwick, Brooklyn For $1.06M

1009 Decatur Street

$1,060,000

Building Size

Asset Type

Development Site

Closing

Nov 8, 2023

AI

A development site located at 1009 Decatur Street in Bushwick, Brooklyn has been sold. The property, with a lot size of 25' x 100', was purchased by Isaac Assayag of NSD NY for a total sale price of $1,060,000. The buyer was represented by Shaun Riney, Michael Salvatico, and John Lopez of Marcus & Millichap. The seller of the property was the Torres Family.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,060,000
  • Address: 1009 Decatur Street, Bushwick, Brooklyn
  • Lot Size: 25' x 100'

In this transaction, Isaac Assayag of NSD NY acted as the buyer, while the seller was the Torres Family. The buyer was represented by Shaun Riney, Michael Salvatico, and John Lopez of Marcus & Millichap. The sale price for the development site was $1,060,000. The property has a lot size of 25' x 100'.

Players

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Brooklyn 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

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93