Updated May 23, 2025
Rueben Zulauf Of JV Capital Group LLC Purchases Development Site In Brooklyn For $2.25M
228 Vanderbilt Ave
$2,250,000
Building Size
—
Asset Type
Development Site
Closing
Mar 25, 2021
About this deal
AI
The property asset involved in this transaction is a development site located at 228 Vanderbilt Ave in Brooklyn. The sale price of this asset amounted to $2,250,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,250,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Date of Transaction: 03/25/2021
In this transaction, Rueben Zulauf represents JV Capital Group LLC as the buyer. The specifics of the deal showcase a strategic acquisition within the Brooklyn real estate market.
The development site sale at 228 Vanderbilt Ave in Brooklyn, New York sold for $2.3M in 2021. 228 Vanderbilt Ave is classified as Development Site on Traded. Named participants on the 228 Vanderbilt Ave sale are Rueben Zulauf. This page is the Brooklyn, New York file for the 228 Vanderbilt Ave development site sold: pricing, party profiles, and other closed development site comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn development site set by closing date to see what else sold near 228 Vanderbilt Ave around 2021. Published consideration for 228 Vanderbilt Ave is $2.3M, dated 2021. Cite this Rueben Zulauf Of JV Capital Group LLC Purchases Development Site In Brooklyn For $2.25M sale when underwriting similar development site product around Brooklyn, New York.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93