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

Property Image
SOLD
$1,510,000
Shaun Riney
John Lopez
+ 1

New York

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Development Site
Sold 12/18/2024
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Property Image
SOLD

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

105 Hawthorne Street

See Similar Deals
Development Site
Sold 12/18/2024
Shaun Riney
John Lopez
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

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 (Mike) Salvatico
173 deals$787M volume(718) 475-4358
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

John Lopez
Marcus & Millichap
9 deals$32.7M volume(718) 475-4308
BROKER

Vincent Tomaselli
Marcus & Millichap
6 deals$14.4M volume(718) 475-4300
BROKER

Details

SOLD
IMAGE: John Lopez, Shaun Riney, Michael Salvatico & Vincent Tomaselli DATE: 12/18/2024 ADDRESS: 105 Hawthorne Street MARKET: Prospect Lefferts Gardens, Brooklyn ASSET TYPE: Development Site BUYER: Shia Unsdorfer SELLER: The Salvatore Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico), John Lopez (@Johnny_Devsite) & Vincent Tomaselli - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,510,000 BSF: 8,799 ~ PPBSF: $171 NOTE FROM BROKER: For similar development sites or questions about how the City of Yes will affect the value of land across Brooklyn, please contact the deal team or call 914-806-4921.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$80,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,364.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,158.17
Annual Debt Service$85,898.04