Updated Dec 21, 2023
Yoel Perl Acquires Development Site In Flatbush, Brooklyn For $2.07M
1270 New York Ave, Brooklyn, NY 11203, USA
$2,070,000
$116/SF
Building Size
17,835 SF
Asset Type
Development Site
Closing
Aug 22, 2018
About this deal
AI
A development site located at 1270-1274 New York Avenue in the Flatbush neighborhood of Brooklyn, New York, has been sold for a price of $2,070,000. The property spans a lot dimensions of 58 ft. x 102.5 ft. and has a zoning classification of R6 FAR 3. The building's total square footage (BSF) is 17,835, with a price per square foot (PPBSF) of $116.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,070,000
- Lot Dimensions: 58 ft. x 102.5 ft.
- Zoning: R6 FAR 3
- BSF: 17,835
- PPBSF: $116
The sellers of the property were Shirley & Yvonne Lyons for 1270 New York Avenue and Ernst Pierre for 1274 New York Avenue. The buyer of the property was Yoel Perl.
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
7.66%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93