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:
- Property Type: Development Site
- Transaction Amount: $1,510,000
- Buyer: Shia Unsdorfer
- Seller: The Salvatore Family
- Broker Representatives: Shaun Riney, Michael Salvatico, John Lopez & Vincent Tomaselli - Marcus & Millichap
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
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