Development Site Advisors Represent Sale Of 15 Catherine Street In Two Bridges For $3.5M
15 Catherine Street
$3,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 29, 2025
AI
This development site, located at 15 Catherine Street in the Two Bridges market, was sold for $3,500,000. The total building square footage is 13,428, resulting in a price per building square foot of $260.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,500,000
- Address: 15 Catherine Street
- Market: Two Bridges
- Building Square Footage: 13,428
- Price Per Building Square Foot: $260
Rubin Isak and Lev Kimyagarov represented the development site in this transaction through their agency, Development Site Advisors. They played a crucial role in facilitating the sale.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93