The Alkaslasi Family Acquires Development Site In Mill Basin, Brooklyn For $3.45M
SOLD
$3,450,000
+ 2
New York
See Similar DealsDevelopment Site
Sold 12/22/2023
SOLD
The Alkaslasi Family Acquires Development Site In Mill Basin, Brooklyn For $3.45M
2657 East 66th Street
See Similar DealsDevelopment Site
Sold 12/22/2023
+ 2
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The development site located at 2657 East 66th Street in Mill Basin, Brooklyn has been sold in a closed transaction. The property spans a total lot size of 41,752 square feet. The sale price for this development site was $3,450,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,450,000
- Lot Size: 41,752 square feet
- Address: 2657 East 66th Street, Mill Basin, Brooklyn
The buyer of this development site is The Alkaslasi Family, while the seller is The Kamali Family. The transaction was facilitated by the brokers Stephen R. Preuss Sr., Andreas Efthymiou, Alex Svetlakou, and Kevin Schmitz from Ripco.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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