Marzena & Andrzej Potrapeluk Acquire Development Site In Greenpoint, Brooklyn For $1.67M
SOLD
$1,670,000
+ 1
New York
See Similar DealsDevelopment Site5,000 SF
Sold 05/26/2020
SOLD
Marzena & Andrzej Potrapeluk Acquire Development Site In Greenpoint, Brooklyn For $1.67M
258 Eckford St, Brooklyn, NY 11222, USA
See Similar DealsDevelopment Site5,000 SF
Sold 05/26/2020
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$334
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82
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