Compass Brokers Facilitate $6.2M Sale Of Brooklyn Development Site To Avi Katz
SOLD
$6,200,000
+ 1
New York
See Similar DealsDevelopment Site10,000 SF
Sold 11/10/2023
SOLD
Compass Brokers Facilitate $6.2M Sale Of Brooklyn Development Site To Avi Katz
2667 Fulton Street & 2675 Fulton Street
See Similar DealsDevelopment Site10,000 SF
Sold 11/10/2023
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$620
Total Square Footage:10,000 SF
Transaction Type:Sale
A development site located at 2667-2675 Fulton Street in Brooklyn, New York has been sold in a closed transaction. The property, spanning 5,000 square feet, was sold for a price of $6,200,000, resulting in a price per square foot of $1,240. The transaction took place on November 10, 2023, with AVI KATZ as the buyer and ABDUL AWAN as the seller.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 2667-2675 Fulton Street, Brooklyn, New York
- Square Footage: 5,000
- Market: Brooklyn, New York
The deal was facilitated by brokers Adelaide Polsinelli, Michael Cardillo, Lauren Curcio, and Natalie Sachmechi from COMPASS.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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