facebook
Traded Co logo
Submit

Sam Eshaghoff, Brandon Thomas, And Bobby Shamsian Acquire Development Site In East Flatbush, Brooklyn For $1.06M

Property Image
SOLD
$1,060,000
Neer Sachar
SE

New York

See Similar Deals
Development Site12,000 SF
Sold 10/02/2019
the dealplayerscompscontact
Property Image
SOLD

Sam Eshaghoff, Brandon Thomas, And Bobby Shamsian Acquire Development Site In East Flatbush, Brooklyn For $1.06M

104 E 53rd St, New York, NY 10022, USA

See Similar Deals
Development Site12,000 SF
Sold 10/02/2019
Neer Sachar
SE
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$88
Total Square Footage:12,000 SF
Transaction Type:Sale

The development site located at 104 East 53rd Street in East Flatbush, Brooklyn, has been sold in a closed transaction. The property was acquired for a sale price of $1,060,000. With a building square footage (BSF) of 12,000, the price per buildable square foot (PPBSF) amounts to $88.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,060,000
  • Address: 104 East 53rd Street, East Flatbush, Brooklyn
  • Market: East Flatbush, Brooklyn

In this deal, the seller is Eddie Sachar. On the buyer's side, Sam Eshaghoff, Brandon Thomas, and Bobby Shamsian successfully completed the transaction. Neer Sachar from Venture Capital Properties acted as the broker in the deal. The legal representation in this transaction was handled by @RealEstateESQ.

Note that @Eshaghoff, the representative of @WestEggDevelopment, has recently...

Players

Neer Sachar
Neer Sachar
13 deals$18.1M volume
BROKER
SE
Sam Eshaghoff
3 deals$18.5M volume
BUYER
SE
Sunrise Equities
SELLER

Details

SOLD
IMAGE: Brandon Thomas, Neer Sachar & Sam @Eshaghoff DATE: 10/02/2019 ADDRESS: 104 East 53rd Street MARKET: East Flatbush, Brooklyn ASSET TYPE: Development Site SELLER: Eddie Sachar BUYER: Sam Eshaghoff (@eshagoff), Brandon Thomas, Bobby Shamsian BROKER: Neer Sachar (@neer_sachar) – Venture Capital Properties ATTORNEY: @RealEstateESQ SALE PRICE: $1,060,000 BSF: 12,000 PPBSF: $88 NOTE: @Eshaghoff’s @WestEggDevelopment recently […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$56,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,765.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,024.94
Annual Debt Service$60,299.29