Updated Sep 5, 2024
Boruch Okounev Acquires Development Site In Crown Heights For $3.2M
1394 St Johns Pl, Brooklyn, NY 11213, USA
$3,200,000
$143/SF
Building Size
22,287 SF
Asset Type
Development Site
Closing
Jun 6, 2019
About this deal
AI
A development site located at 1394 St Johns Place in Crown Heights has been sold for $3,200,000. The property spans approximately 22,287 square feet with a price per square foot of $143. The asking price was $3,300,000. The transaction took place on 06/07/2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,200,000
- Market: Crown Heights
- Square Footage: 22,287
- Price Per Square Foot: $143
The seller of the property was Lorna Vaughn, while the buyer was Boruch Okounev. The deal was facilitated by DJ Johnston of B6 Real Estate Advisors, representing both parties.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93