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15 Catherine Street

Updated May 12, 2025

Bilt advertisement
Development Site Advisors Represent Sale Of 15 Catherine Street In Two Bridges For $3.5M
SOLDDevelopment Site

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

About this deal

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

Rubin Isak
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Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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