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
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.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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