Rueben Zulauf Of JV Capital Group LLC Purchases Development Site In Brooklyn For $2.25M
SOLD
$2,250,000
New York
See Similar DealsDevelopment Site
Sold 03/25/2021
SOLD
Rueben Zulauf Of JV Capital Group LLC Purchases Development Site In Brooklyn For $2.25M
228 Vanderbilt Ave
See Similar DealsDevelopment Site
Sold 03/25/2021
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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