Updated Dec 19, 2023
Marcie Bacher Sells Park Slope Development Site For $1.05M
328 12th St, Park Slope, Brooklyn, NY, USA
$1,050,000
$238/SF
Building Size
4,400 SF
Asset Type
Development Site
Closing
Mar 22, 2021
About this deal
AI
A development site located at 328 12th St. in Park Slope, Brooklyn was recently sold for a price of $1,050,000. The property was delivered fully vacant at closing and came with approved alt 1 plans. The development site has a building square footage (BSF) of 4,400 and a price per BSF (PPBSF) of $238. The property is zoned as R6B, allowing for potential development opportunities.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Address: 328 12th St.
- Market: Park Slope, Brooklyn
- Zoning: R6B
The seller of the property was Marcie Bacher, while the transaction was facilitated by Marcel Fridman from Barcel Group as the broker representing the seller's interests.
Note: Property was delivered fully vacant at closing and delivered with Approved alt 1 plans.
Players
New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93