Konstantin Geyman Acquires $1.55M Development Site In Flatbush, BK
SOLD
$1,550,000
New York
See Similar DealsDevelopment Site3,933 SF
Sold 01/24/2019
SOLD
Konstantin Geyman Acquires $1.55M Development Site In Flatbush, BK
2506 Newkirk Avenue, Flatbush, Brooklyn, NY, USA
See Similar DealsDevelopment Site3,933 SF
Sold 01/24/2019
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$394
Total Square Footage:3,933 SF
Transaction Type:Sale
A development site located at 2506 Newkirk Ave in Flatbush, Brooklyn has been sold for $1.55 million. The property has a building square footage of 12,150 and a price per square foot of $127.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $1.55 million
- Building Square Footage: 12,150
- Price Per Square Foot: $127
- Address: 2506 Newkirk Ave
- Market: Flatbush, Brooklyn
The seller of the property was Yerachmeal Jacobsen, while the buyer was Konstantin Geyman. The transaction was facilitated by Mina Pecorella, a representative from Mina Pecorella real estate agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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