Marcus Jecklin Sells Development Site In East New York For $1.55M With Anthony Celifarco - Celifarco Realty
2709 Fulton Street, Brooklyn, New York 11207, United States
$1,550,000
$68/SF
Building Size
22,500 SF
Asset Type
Development Site
Closing
May 4, 2022
AI
A development site located at 2709 Fulton St. in East New York has been sold for $1,550,000. The sale was facilitated by broker Anthony Celifarco on behalf of the seller, Marcus Jecklin. The site has a total buildable square footage of 22,500, with a price per buildable square footage of $68.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,550,000
- Address: 2709 Fulton St.
- Market: East New York
- Broker: Anthony Celifarco, representing Marcus Jecklin
- Buildable Square Footage (BSF): 22,500
- Price per Buildable Square Footage (PPBSF): $68
Anthony Celifarco, representing Marcus Jecklin, facilitated the sale of the development site located at 2709 Fulton St. in East New York. The site has a total buildable square footage of 22,500, with a sale price of $1,550,000 and a price per buildable square footage of $68.
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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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93