The School Construction Authority Acquires Development Site In Sunset Park, Brooklyn
SOLD
$5,550,000
+ 3
New York
See Similar DealsDevelopment Site304,520 SF
Sold 01/16/2020
SOLD
The School Construction Authority Acquires Development Site In Sunset Park, Brooklyn
250 46th St, Brooklyn, NY 11220, USA
See Similar DealsDevelopment Site304,520 SF
Sold 01/16/2020
+ 3
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$18
Total Square Footage:304,520 SF
Transaction Type:Sale
The development site located at 250-266 46th Street in Sunset Park, Brooklyn has been sold for a total price of $5,550,000. The property, which is a development site, has a building square footage (BSF) of 30,452. The price per building square footage (PPBSF) is $180. The transaction took place on January 16, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,550,000
- Building Square Footage (BSF): 30,452
- Price per Building Square Footage (PPBSF): $180
- Market: Sunset Park, Brooklyn
The seller of the property is Raymond Yu, who represents Yuco Management Incorporated. On the other hand, the buyer is The School Construction Authority, represented by Lorraine Grillo. The brokers involved in the deal were Victor Sozio and Stephen Vorvolakos, who work for Ariel Property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$295,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98
Is there something missing? Send suggestions