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15 Catherine Street

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

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
Verified Badge

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