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105 Hawthorne Street

Shia Unsdorfer Purchases Development Site From The Salvatore Family For $1.51M In Brooklyn
SOLDDevelopment Site

Shia Unsdorfer Purchases Development Site From The Salvatore Family For $1.51M In Brooklyn

105 Hawthorne Street

$1,510,000

Building Size

Asset Type

Development Site

Closing

Dec 18, 2024

AI

The property asset involved in the transaction is a development site located at 105 Hawthorne Street in the Prospect Lefferts Gardens neighborhood of Brooklyn. The sale price for the property was $1,510,000, encompassing a building square footage (BSF) of 8,799 and a price per building square footage (PPBSF) of $171.

Summary of transaction details:

This transaction involved key individuals from the brokerage team, specifically Shaun Riney, Michael Salvatico, John Lopez, and Vincent Tomaselli, all of whom represented the seller in the deal. Their expertise in the Brooklyn market was instrumental in facilitating this transaction.

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

10.51%

Cash-on-Cash

-3.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93