Erik Rodriguez Acquires Development Site In Flatbush For $5.25M
2716 Church Avenue, Brooklyn, New York 11226, United States
$5,250,000
$174/SF
Building Size
30,168 SF
Asset Type
Development Site
Closing
Jun 27, 2022
AI
The development site located at 2716 Church Ave in Flatbush has been sold for a price of $5,250,000. The property has a building square footage (BSF) of 30,168 and a price per building square footage (PPBSF) of $174. The transaction took place on June 28, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,250,000
- Address: 2716 Church Ave.
- Market: Flatbush
- Seller: Lorge Family
The deal was facilitated by broker Erik Rodriguez of 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93