facebook
Traded Co logo
Submit

Adam Friedman Acquires Shared-Wall Development Site In Greenwood Heights For $1.45M

Property Image
SOLD
$1,450,000
Luke Sproviero
Donal Flaherty
+ 3

New York

See Similar Deals
Development Site2,307 SF
Sold 05/15/2025
the dealplayerscompscontact
Property Image
SOLD

Adam Friedman Acquires Shared-Wall Development Site In Greenwood Heights For $1.45M

200 18th Street

See Similar Deals
Development Site2,307 SF
Sold 05/15/2025
Luke Sproviero
Donal Flaherty
+ 3
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$628
Total Square Footage:2,307 SF
Transaction Type:Sale

The asset involved in this transaction is a shared-wall development site located at 200 18th Street in Greenwood Heights, Brooklyn. The sale concluded at a price of $1,450,000 for a lot measuring 23 feet by 100.33 feet, resulting in a building square footage of 4,615 and a price per square foot of $314.

Summary of transaction details:

  • Property Type: Shared-Wall Development Site
  • Transaction Amount: $1,450,000
  • Building Square Feet: 4,615
  • Price Per Building Square Foot: $314
  • Lot Dimensions: 23 ft x 100.33 ft
  • Buyer: Adam Friedman
  • Seller: Alex Oliver
  • Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Donal Flaherty, Toby Waring, Samantha Katz & Alon Kahan - Investment Property Realty Group (IPRG)

This transaction was facilitated by a team of brokers from Investment Property Realty Group, showcasing the collaborative effort involved in bringing together the buyer, Adam Friedman, and the seller, Alex Oliver, in completing this development site sale.

Players

Adam Lobel
139 deals$592.1M volume(314) 920-8639
BROKER

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

Donal Flaherty
Investment Property Realty Group (IPRG)
101 deals$367.7M volume(718) 360-8823
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

Samantha Katz
Investment Property Realty Group (IPRG)
17 deals$91.5M volume(718) 360-4834
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero & Donal Flaherty DATE: 5/16/2025 ADDRESS: 200 18th Street MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Shared-Wall Development Site BUYER: Adam Friedman SELLER: Alex Oliver BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Donal Flaherty (@DonalFlaherty1), Toby Waring (@BklynBricks), Samantha Katz (@Skatz.NYC) & Alon Kahan - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,450,000 BSF: 4,615 ~ PPBSF: $314 LOT DIMENSIONS: 23 ft x 100.33 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88