Erik Rodriguez Of Rodriguez Commercial Realty Brokers $2M Sale Of Development Site In Flatbush
SOLD
$2,000,000
New York
See Similar DealsDevelopment Site16,466 SF
Sold
SOLD
Erik Rodriguez Of Rodriguez Commercial Realty Brokers $2M Sale Of Development Site In Flatbush
2700 Church Avenue, Brooklyn, NY, USA
See Similar DealsDevelopment Site16,466 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$121
Total Square Footage:16466 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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