Updated Sep 9, 2024
Jake Fuller Acquires Development Site In Crown Heights, Brooklyn For $1.7M
1042 President St, Brooklyn, NY 11225, USA
$1,700,000
$16/SF
Building Size
102,010 SF
Asset Type
Development Site
Closing
Feb 5, 2020
About this deal
AI
The development site located at 1042 President Street in Crown Heights, Brooklyn has been sold in an off-market transaction for a sale price of $1,700,000. The property spans approximately 10,000 buildable square feet and has a buildable square footage (BSF) of 10,201. The price per buildable square foot (PPBSF) stands at $166.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,700,000
- Address: 1042 President Street, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
- Buildable Square Footage: 10,201
- Price per Buildable Square Foot: $166
The seller of the property was Jimmy Nunez, and the buyer was Jake Fuller. The transaction was facilitated by brokers Alexandre Goulet and Anand Melwani, who represented the respective parties involved in the deal.
Players
New York 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93