Updated Dec 21, 2023
Marzena & Andrzej Potrapeluk Acquire Development Site In Greenpoint, Brooklyn For $1.67M
258 Eckford St, Brooklyn, NY 11222, USA
$1,670,000
$334/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
May 25, 2020
About this deal
AI
A development site located at 258 Eckford Street in Greenpoint, Brooklyn was recently sold for $1,670,000. The property spans a total of 5,000 square feet and has a price per buildable square foot (PPBSF) of $334. The transaction took place on May 26, 2020.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,670,000
- Address: 258 Eckford Street
- Market: Greenpoint, Brooklyn
- Buildable Square Footage (BSF): 5,000
- Price per Buildable Square Foot (PPBSF): $334
The sellers of the property were Sherry & Robert Sullivan, while the buyers were Marzena & Andrzej Potrapeluk. The sale was facilitated by the Bestreich Realty Group, with brokers Derek Bestreich, Luke Sproviero, Corey Haynes, and Donal Flaherty representing the parties involved in the transaction.
Players
New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.50%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93