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

Property Image
SOLD
$2,275,000

New York

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Development Site1,800 SF
Sold 02/06/2025
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Property Image
SOLD

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

181 Eckford Street

See Similar Deals
Development Site1,800 SF
Sold 02/06/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,263
Total Square Footage:1,800 SF
Transaction Type:Sale

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
Jeff Valcourt
6 deals$13.9M volume(917) 244-5321
BROKER

Details

SOLD
IMAGE: Jeff Valcourt DATE: 02/06/2025 ADDRESS: 181 Eckford Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Rubix Dev SELLER: Endre Banya BROKER: Jeff Valcourt (@JeffValcourt) - Compass (@Compass) SALE PRICE: $2,275,000 BSF: 5,000 ~ PPBSF: $455 SF: 1,800 ~ PPSF: $1,263 NOTE FROM BROKER: The Valcourt Advisory facilitated this off-market transaction, ensuring a smooth process between the involved parties

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$121,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,082.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,784.66
Annual Debt Service$129,415.93