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1626 New York Ave, Brooklyn...

Emh Commercial Realty Facilitates $1.4M Sale Of Development Site In East Flatbush
SOLDDevelopment Site

Emh Commercial Realty Facilitates $1.4M Sale Of Development Site In East Flatbush

1626 New York Ave, Brooklyn, NY 11210, USA

Building Size

123,000 SF

Asset Type

Development Site

Closing

Mar 4, 2018

AI

Located at 1626 New York Ave in Brooklyn's East Flatbush market, this development site spans 12,300 square feet. The property was sold for $1,400,000, at a price per square foot of $114. The transaction involved the seller, Rubel Humayun & Rumy Nazmul, and the buyer, Joel Jacob.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,400,000
  • Square Footage: 12,300
  • Price Per Square Foot: $114
  • Seller: Rubel Humayun & Rumy Nazmul
  • Buyer: Joel Jacob
  • Broker: EMH Commercial Realty - Heshie Goldfein & Sadya Liberow

The deal was facilitated by the broker representatives, Heshie Goldfein and Sadya Liberow, from EMH Commercial Realty.

Players

Heshie Goldfein

Broker

$27M

vol

3 deals

Broker
Sadya Liberow
Verified Badge

Sadya Liberow

Asset CRG Advisors

Broker

$124.8M

vol

32 deals

Broker

Joel Jacob

Skybrook Capital

Buyer

$63.5M

vol

10 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93