Updated Dec 21, 2023
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
About this deal
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.
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Development Site
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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