Yaakov Lefkowitz Acquires Development Site In Prospect Lefferts Garden For $1.375M
1365 Nostrand Ave, Brooklyn, NY 11226, USA
$1,375,000
$71/SF
Building Size
19,305 SF
Asset Type
Development Site
Closing
Jul 15, 2020
AI
A development site located at 1365 Nostrand Avenue in Prospect Lefferts Garden, Brooklyn, has been sold for a price of $1,375,000. The site has a total square footage of 19,305 with a price per buildable square foot of $71.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,375,000
- Address: 1365 Nostrand Avenue, Prospect Lefferts Garden, Brooklyn
- Market: Prospect Lefferts Garden, Brooklyn
- BSF: 19,305
- PPBSF: $71
Peter Von Der Ahe, Shaun Riney, Dan Greenblatt, and Zalman Yarmush from @NewYorkMultifamily were the brokers involved in the sale transaction.
Please refer to the provided image for visual information regarding the property.
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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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93