Shimon Burech Kaufman And Lipa Kaufman Acquire Development Site In Brooklyn From Avi Singer For $3.85M
SOLD
$3,850,000
New York
See Similar DealsDevelopment Site
Sold 08/07/2018
SOLD
Shimon Burech Kaufman And Lipa Kaufman Acquire Development Site In Brooklyn From Avi Singer For $3.85M
144 Bleecker St
See Similar DealsDevelopment Site
Sold 08/07/2018
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The asset involved in this transaction is a development site located at 144 Bleecker St in Brooklyn, with a sale price of $3,850,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,850,000.00
- Address: 144 Bleecker St
- Market: Brooklyn
- Seller: Avi Singer
- Buyer: Shimon Burech Kaufman and Lipa Kaufman
- Brokers: Yosef Katz (Atlas Realty Group), Joseph Landau, Moshe Gelbstein (GFI Realty Services)
The transaction took place on 08/07/2018. The buyers are represented by Shimon Burech Kaufman and Lipa Kaufman, while the brokers involved include Yosef Katz from Atlas Realty Group and Moshe Gelbstein from GFI Realty Services. Joseph Landau also played a role in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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