Hello Living Acquires Development Site In Brooklyn From Moses Gross For $5.6M
SOLD
New York
See Similar DealsDevelopment Site
Sold 08/08/2017
SOLD
Hello Living Acquires Development Site In Brooklyn From Moses Gross For $5.6M
203 Sutter Avenue
See Similar DealsDevelopment Site
Sold 08/08/2017
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The asset involved in this transaction is a development site located at 203 Sutter Avenue in Brooklyn. The property was sold for $5,600,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,600,000.00
- Buyer: Hello Living
- Seller: Moses Gross
- Sale Date: 08/08/2017
- Brokers: Eli Shilian, Yisroel Pershin, Shulem Paneth (GFI Realty Services)
The individuals involved in this transaction include the buyer, Hello Living, and the seller, Moses Gross. The brokerage firm GFI Realty Services represented the sellers in the deal with brokers Eli Shilian, Yisroel Pershin, and Shulem Paneth facilitating the transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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