Updated Oct 29, 2024
Settlement Housing Fund Acquires Development Site In Coney Island, Brooklyn For $5.2M
2947 West 28th Street Brooklyn, New York 11224, USA
$5,238,918
Building Size
—
Asset Type
Development Site
Closing
Apr 27, 2023
About this deal
AI
The Settlement Housing Fund has purchased an industrial building located at 2947 West 28th Street in Coney Island, Brooklyn. The property, a development site, was acquired from Starrett Companies for a total of $5,238,918.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $5,238,918
- Buyer: Settlement Housing Fund
- Seller: Starrett Companies
- Address: 2947 West 28th Street, Coney Island, Brooklyn
This transaction involved the Settlement Housing Fund as the buyer and Starrett Companies as the seller. The industrial building, located at 2947 West 28th Street in Coney Island, Brooklyn, has been acquired by the Settlement Housing Fund for a price of $5,238,918.
On the Map
$5,238,918
Development Site
View full map
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.03%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93