Ronnie Oskar Acquires Development Site In Bushwick, Brooklyn For $1.3M
249 Cooper Street, Bushwick, Brooklyn, NY, USA
$1,315,000
$169/SF
Building Size
7,776 SF
Asset Type
Development Site
Closing
May 2, 2021
AI
Located in Bushwick, Brooklyn, a development site at 249 Cooper Street has recently been sold in a closed transaction. The property, with a zoning classification of R6, offers the potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,315,000
- Address: 249 Cooper Street
- Market: Bushwick, Brooklyn
- Zoning: R6
The buyer of the property is Ronnie Oskar, while the seller is the Estate of Bernice Joseph. Facilitating the transaction was broker Jerry Tenenbaum from Top Nest Properties.
Spanning a total building square footage of 7,776, the property was sold at a rate of $169 per square foot.
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
12.06%
Cash-on-Cash
-3.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93