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181 Eckford Street

Rubix Dev Acquires Development Site At 181 Eckford Street Brooklyn From Endre Banya For $2.275M
SOLDDevelopment Site

Rubix Dev Acquires Development Site At 181 Eckford Street Brooklyn From Endre Banya For $2.275M

181 Eckford Street

$2,275,000

$1,263/SF

Building Size

1,800 SF

Asset Type

Development Site

Closing

Feb 6, 2025

AI

This development site, located at 181 Eckford Street in Brooklyn, has been sold for a transaction amount of $2,275,000. The asset encompasses a total square footage of 1,800 with a buildable square footage of 5,000. The price per buildable square foot is $455 and the price per square foot is $1,263.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,275,000
  • Address: 181 Eckford Street
  • Market: Brooklyn
  • Buildable Square Footage: 5,000
  • Price per Buildable Square Foot: $455
  • Total Square Footage: 1,800
  • Price per Square Foot: $1,263
  • Buyer: Rubix Dev
  • Seller: Endre Banya
  • Broker: Jeff Valcourt - Compass

The Valcourt Advisory played a crucial role in facilitating this off-market transaction, ensuring a seamless process for both the buyer and the seller involved in the deal.

Players

Jeff Valcourt

Compass

Broker

$13.9M

vol

6 deals

Broker

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

6.97%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93