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
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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