Avrom Weinstock Acquires Development Site In Brooklyn For $1M
126 East 93rd Street, Brooklyn, New York 11212, United States
$1,000,000
$134/SF
Building Size
7,411 SF
Asset Type
Development Site
Closing
Jun 1, 2022
AI
A development site located at 126 E. 93rd St. in Brooklyn has been sold for a transaction amount of $1,000,000. The property has a building square footage (BSF) of 7,411 and a price per BSF (PPBSF) of $134. The sale took place on 06/02/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Address: 126 E. 93rd St.
- Market: Brooklyn
The buyer of the property is Avrom Weinstock, while the seller is Meir Koffman. The deal was facilitated by Sully Klein, a representative from Real Street.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93