Erik Rodriguez Acquires Development Site In Flatbush For $5.25M
SOLD
$5,250,000
New York
See Similar DealsDevelopment Site30,168 SF
Sold
SOLD
Erik Rodriguez Acquires Development Site In Flatbush For $5.25M
2716 Church Avenue, Brooklyn, New York 11226, United States
See Similar DealsDevelopment Site30,168 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$174
Total Square Footage:30168 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
Is there something missing? Send suggestions