Updated Dec 21, 2023
Samuel Landau Acquires Development Site In Flatbush For $7.2M From Elliot Horowitz
1351 Flatbush Ave, Brooklyn, NY 11210, USA
$7,200,000
$15/SF
Building Size
467,290 SF
Asset Type
Development Site
Closing
Dec 12, 2019
About this deal
AI
The development site located at 1351 Flatbush Avenue, 1349A Flatbush Avenue, 1349 Flatbush Avenue, 1347A Flatbush Avenue, and 1347 Flatbush Avenue in the Flatbush market has been sold for $7,200,000. The property spans a total of 46,729 square feet and has a price per buildable square foot of $154.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,200,000
- Address: 1351 Flatbush Avenue, 1349A Flatbush Avenue, 1349 Flatbush Avenue, 1347A Flatbush Avenue, 1347 Flatbush Avenue
- Market: Flatbush
- BSF: 46,729
- PPBSF: $154
Samuel Landau is the buyer of the property, while Elliot Horowitz acted as the seller.
On the Map
$7,200,000
$15/SF
Development Site
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93