Updated Dec 4, 2024
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
About this deal
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'.
On the Map
$1,060,000
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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93