Updated Dec 4, 2024
Shimon Kleinman Acquires Development Site In Fort Greene, Brooklyn For $13.5M
155 South Elliott Place
$13,500,000
$750/SF
Building Size
18,000 SF
Asset Type
Development Site
Closing
Dec 28, 2023
About this deal
AI
The development site located at 155 South Elliott Place in Fort Greene, Brooklyn has been sold in a recent transaction. The property is a development site with an impressive buildable square footage (BSF) of 50,672. The transaction, which took place on 12/28/2023, involved a sale price of $13,500,000. The price per buildable square footage (PPBSF) for this property is $266.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $13,500,000
- Address: 155 South Elliott Place, Fort Greene, Brooklyn
- Market: Fort Greene, Brooklyn
- Buyer: Shimon Kleinman
- Seller: Slate Property Group
- Brokers: Daniel O'Brien & Caroline Hodes - Newmark
Shimon Kleinman has acquired the development site located at 155 South Elliott Place. The buyer was represented by Daniel O'Brien and Caroline Hodes from Newmark. On the other hand, Slate Property Group acted as the seller in this transaction.
On the Map
$13,500,000
$750/SF
Development Site
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Players
Brooklyn 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93