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203 Sutter Avenue

Hello Living Acquires Development Site In Brooklyn From Moses Gross For $5.6M
SOLDDevelopment Site

Hello Living Acquires Development Site In Brooklyn From Moses Gross For $5.6M

203 Sutter Avenue

$5,600,000

Building Size

Asset Type

Development Site

Closing

Aug 8, 2017

AI

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:

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

Eli Shilian

GFI Realty Services

Broker

$87.3M

vol

6 deals

Broker
HL
Hello LivingBuyer

Moses Gross

Seller
Seller

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93