Erik Rodriguez Of Rodriguez Commercial Realty Brokers $2M Sale Of Development Site In Flatbush
2700 Church Avenue, Brooklyn, NY, USA
$2,000,000
$121/SF
Building Size
16,466 SF
Asset Type
Development Site
Closing
Nov 2, 2021
AI
The development site located at 2700 Church Avenue in Flatbush has been sold for $2,000,000. The property spans a total of 16,466 square feet and has a price per buildable square foot (PPBSF) of $121. The site is zoned as R6 and C2-3, allowing for diverse development opportunities.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,000,000
The seller of the property is The Francis Family. The deal was facilitated by Erik Rodriguez from Rodriguez Commercial Realty, who represented the seller in the transaction.
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93