Updated Nov 29, 2023
Edgardo Kramer Acquires Development Site In Bedford-Stuyvesant For $3M
1021 Bedford Ave, Brooklyn, NY 11205, USA
$3,000,000
$27/SF
Building Size
110,400 SF
Asset Type
Development Site
Closing
Nov 19, 2018
About this deal
AI
A development site located at 1021-1023 Bedford Avenue in Bedford-Stuyvesant has been sold for $3,000,000. The property spans 11,040 square feet and has a price per buildable square foot (PBSF) of $272.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,000,000
- BSF: 11,040
- PBSF: $272
- Address: 1021-1023 Bedford Avenue
- Market: Bedford-Stuyvesant
The seller of the development site was Fitz and Hazel Hicks. Edgardo Kramer purchased the property. The deal was facilitated by Marcus & Millichap, with Jason Grunberg and Jakub Nowak representing both parties.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Jakub Nowak to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93