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1365 Nostrand Ave, Brooklyn...

Yaakov Lefkowitz Acquires Development Site In Prospect Lefferts Garden For $1.375M
SOLDDevelopment Site

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.

NOTE: [...]

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

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