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Marcus Jecklin Acquires Dev Site In East New York, Brooklyn For $800,000

Property Image
SOLD
$800,000
Anthony Celifarco
MJ

New York

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Development Site22,500 SF
Sold 05/06/2021
the dealplayerscompscontact
Property Image
SOLD

Marcus Jecklin Acquires Dev Site In East New York, Brooklyn For $800,000

2709 Fulton Street, Brooklyn, NY, USA

See Similar Deals
Development Site22,500 SF
Sold 05/06/2021
Anthony Celifarco
MJ
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$35
Total Square Footage:22,500 SF
Transaction Type:Sale

Located in East New York, Brooklyn, the property at 2709 Fulton Street has been sold in a recent transaction. The asset, a development site, was purchased for a price of $800,000. Spanning across 22,500 square feet, the property offers significant potential for development. The price per buildable square foot (PPBSF) stands at $35, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Dev Site
  • Transaction Amount: $800,000
  • Buyer: Marcus Jecklin
  • Seller: Juan Rivas
  • Broker: Anthony Celifarco
  • Address: 2709 Fulton Street
  • Market: East New York, Brooklyn
  • BSF: 22,500
  • PPBSF: $35

The buyer of the property is Marcus Jecklin, while Juan Rivas acted as the seller. Representing the transaction is Anthony Celifarco, a broker from Celifarco Real Estate. This deal showcases the potential for development in the East New York market, with the property providing ample space for future projects.

Players

Anthony Celifarco
Anthony Celifarco
6 deals$23M volume
BROKER
MJ
Marcus Jecklin
3 deals$3.6M volume
BUYER

Details

SOLD
IMAGE: Anthony Celifarco DATE: 05/06/2021 ADDRESS: 2709 Fulton Street MARKET: East New York, Brooklyn ASSET TYPE: Dev Site BUYER: Marcus Jecklin SELLER: Juan Rivas BROKER: Anthony Celifarco (@Celi516) SALE PRICE: $800,000 BSF: 22,500 ~ PPBSF: $35

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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