Updated Sep 5, 2024
Elana Kapul's Development Site Advisors Sells Brooklyn Development Site For $4.6M
2610 Cropsey Ave, Brooklyn, NY 11214, USA
$4,600,000
Building Size
—
Asset Type
Development Site
Closing
Jun 28, 2023
About this deal
AI
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.
On the Map
$4,600,000
Development Site
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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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93