Vahe Sahakyan Acquires Development Site On Brighton 6th Street In Brooklyn For $1.8M
SOLD
$1,825,000
New York
See Similar DealsDevelopment Site5,000 SF
Sold 04/19/2023
SOLD
Vahe Sahakyan Acquires Development Site On Brighton 6th Street In Brooklyn For $1.8M
3063-3065 Brighton 6th Street
See Similar DealsDevelopment Site5,000 SF
Sold 04/19/2023
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$365
Total Square Footage:5,000 SF
Transaction Type:Sale
A development site located at 3063-3065 Brighton 6th Street in Brooklyn has been sold. The property spans 5,000 square feet and was sold for a price of $1,825,000, resulting in a price per square foot of $365.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,825,000
- Square Footage: 5,000
- Price per Square Foot: $365
- Address: 3063-3065 Brighton 6th Street, Brooklyn
The buyer of the property is Vahe Sahakyan, while the seller is Eduard Zubok. The deal was facilitated by Arsen Atbashyan from Commercial Acquisitions.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,483.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,651.43
Annual Debt Service$103,817.17
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