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Elana Kapul's Development Site Advisors Sells Brooklyn Development Site For $4.6M

Property Image
SOLD
$4,600,000

New York

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Development Site
Sold 06/28/2023
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Property Image
SOLD

Elana Kapul's Development Site Advisors Sells Brooklyn Development Site For $4.6M

2610 Cropsey Ave, Brooklyn, NY 11214, USA

See Similar Deals
Development Site
Sold 06/28/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

A development site located at 2610-2616 Cropsey Avenue in Brooklyn, NY has been sold for a total of $4,600,000. The property spans a total of 28,635 square feet and has a price per buildable square foot (PPBSF) of $161.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $4,600,000
  • Address: 2610-2616 Cropsey Avenue, Brooklyn, NY
  • Market: Brooklyn, NY
  • BSF: 28,635
  • PPBSF: $161

The sale was facilitated by Elana Kapul of Development Site Advisors. Development Site Advisors® exclusively represents sellers of development sites and air rights in NYC. They have a team of zoning experts and in-house architects to assist in valuing development sites based on local zoning regulations.

To find out more information about working with Development Site Advisors, visit their website at www.developmentsites.com.

Players

Elana Kapul
Development Site Advisors
Elana Kapul
3 deals$16.7M volume
BROKER

Details

SOLD
IMAGE: Elana Kapul DATE: 06/28/2023 ADDRESS: 2610-2616 Cropsey Avenue MARKET: Brooklyn, NY ASSET TYPE: Development Site BROKER: Elana Kapul - Development Site Advisors (@DevelopmentSiteAdvisors) SALE PRICE: $4,600,000 BSF: 28,635 ~ PPBSF: $161 NOTE FROM BROKER: Development Site Advisors® only exclusively represents sellers of development sites & air rights in NYC. Because understanding zoning is local, complex, and vital in valuing development sites, they have a broker specializing in each neighborhood and have a full-time team of zoning experts & in-house architects. To find out how to work with them, go to www.developmentsites.com

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
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