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:
- 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
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