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Daniel Kaykov Acquires Development Site In Greenwood Heights, Brooklyn For $2.2M

Property Image
SOLD
$2,200,000
Luke Sproviero
Gabriel Kates
+ 4

New York

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Development Site9,516 SF
Sold 12/10/2021
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Property Image
SOLD

Daniel Kaykov Acquires Development Site In Greenwood Heights, Brooklyn For $2.2M

194 30th Street, Greenwood Heights, Brooklyn, NY, USA

See Similar Deals
Development Site9,516 SF
Sold 12/10/2021
Luke Sproviero
Gabriel Kates
+ 4
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$231
Total Square Footage:9,516 SF
Transaction Type:Sale

A development site in Greenwood Heights, Brooklyn has been sold for $2,200,000. The property, located at 194 30th Street, offers a buildable square footage (BSF) of 9,516 with a price per buildable square footage (PPBSF) of $231. The transaction took place on December 10, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,200,000
  • Built Square Footage: 9,516
  • Price per Buildable Square Footage: $231
  • Address: 194 30th Street, Greenwood Heights, Brooklyn
  • Market: Greenwood Heights, Brooklyn

The buyer of the property is Daniel Kaykov, while the seller is Jose Barreto. The deal was facilitated by brokers Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates from Bestreich Realty Group (BRG).

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Gabriel Kates
Block Real Estate Group
59 deals$158.4M volume(508) 365-8278
BROKER

Daniel Kaykov
8 deals$52.7M volume
BUYER

Details

SOLD
IMAGE: Gabriel Kates, Adam Lobel & Derek Bestreich DATE: 12/10/2021 ADDRESS: 194 30th Street MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Development Site BUYER: Daniel Kaykov SELLER: Jose Barreto BROKERS: Derek Bestreich, Luke Sproviero (@DaLucien), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Daniel Shawah (@DanielJShawah) & Gabriel Kates (@GabeKates) - Bestreich Realty Group (BRG) (@BRG_CRE) SALE PRICE: $2,200,000 BSF: 9,516 ~ PPBSF: $231

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

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
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