facebook
Traded Co logo
Submit

Capri Jet Realty Acquires Development Site In New York City For $6.35M

Property Image
SOLD
$6,350,000

New York

See Similar Deals
Development Site5,700 SF
Sold 02/17/2023
the dealplayerscompscontact
Property Image
SOLD

Capri Jet Realty Acquires Development Site In New York City For $6.35M

285 Metropolitan Avenue

See Similar Deals
Development Site5,700 SF
Sold 02/17/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,114
Total Square Footage:5,700 SF
Transaction Type:Sale

The development site located at 285 Metropolitan Avenue in New York City has been sold in a recent transaction. The property, encompassing 5,700 square feet, was sold for a price of $6,350,000, resulting in a price per square foot of $1,114. The sale was facilitated by Theo Eastwind from Capri Jet Realty, who represented the seller, Robert Vibrato.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $6,350,000
  • Address: 285 Metropolitan Avenue, New York City
  • Square Footage: 5,700
  • Price per Square Foot: $1,114
  • Seller: Robert Vibrato
  • Broker: Theo Eastwind - Capri Jet Realty

Theo Eastwind, acting as the representative for Capri Jet Realty, played a pivotal role in the successful sale of the development site. With their expertise and market knowledge, they ensured a smooth transaction process for both the buyer and the seller.

Players

Theo Eastwind
Capri Jet Realty
Theo Eastwind
13 deals$42.1M volume
BROKER

Details

SOLD
IMAGE: Theo Eastwind DATE: 02/17/2023 ADDRESS: 285 Metropolitan Avenue MARKET: New York City ASSET TYPE: Development Site SELLER: Robert Vibrato BROKER: Theo Eastwind (@EastwindProperty) - Capri Jet Realty SALE PRICE: $6,350,000 SF: 5,700 ~ PPSF: $1,114

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$338,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88