Konstantin Geyman Acquires $1.55M Development Site In Flatbush, BK
2506 Newkirk Avenue, Flatbush, Brooklyn, NY, USA
$1,550,000
$394/SF
Building Size
3,933 SF
Asset Type
Development Site
Closing
Jan 23, 2019
AI
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.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93