Updated Oct 28, 2024
Home Health Care Services Acquires Development Site In Sheepshead Bay, Brooklyn For $4.2M
1966 Coney Island Avenue, Brooklyn, New York 11223, United States
$4,200,000
$210/SF
Building Size
20,000 SF
Asset Type
Development Site
Closing
Aug 28, 2022
About this deal
AI
National Society for Hebrew Day Schools has sold a development site in Sheepshead Bay, Brooklyn. The property, located at 1966 Coney Island Avenue, was purchased by Home Health Care Services for a total price of $4,200,000. The development site spans a square footage of 20,000, resulting in a price per square foot of $210.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $4,200,000
- Address: 1966 Coney Island Avenue
- Market: Sheepshead Bay, Brooklyn
- Buyer: Home Health Care Services
- Seller: National Society for Hebrew Day Schools - Zvi Bloom
- BSF: 20,000
- PPBSF: $210
The buyer, Home Health Care Services, successfully acquired the development site from the seller, National Society for Hebrew Day Schools. The transaction took place on 08/29/2022 in Sheepshead Bay, Brooklyn. Zvi Bloom represented the seller in the deal as their broker.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $210 per square foot on a published $4.2M for 20,000 square feet (2022).
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93