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David Halberstam Acquires Development Site In Fort Greene, Brooklyn For $13.25M

Property Image
SOLD
$13,250,000
Scott Dweck
Ceasar Salama
+ 1

New York

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Development Site37,188 SF
Sold 08/18/2023
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Property Image
SOLD

David Halberstam Acquires Development Site In Fort Greene, Brooklyn For $13.25M

340 Myrtle Ave Brooklyn, NY 11205, USA

See Similar Deals
Development Site37,188 SF
Sold 08/18/2023
Scott Dweck
Ceasar Salama
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$356
Total Square Footage:37,188 SF
Transaction Type:Sale

A development site located at 340 Myrtle Avenue in Fort Greene, Brooklyn has been sold for a total of $13,250,000. The property offers a total buildable square footage (BSF) of 37,188, resulting in a price per buildable square footage (PPBSF) of $356.

Summary of transaction details

The deal was facilitated by Ceasar Salama from Kassin Sabbagh Realty, representing the buyer, David Halberstam. On the seller's side, the transaction was managed by Brandon Thomas and Scott Dweck from Latitude Property Group, acting as Marisol Diaz's representatives.

Players

Brandon Thomas
13 deals$165.7M volume(516) 680-5777
BROKER

Ceasar Salama
Kassin Sabbagh Realty
31 deals$374.1M volume
BROKER

Scott Dweck
Latitude Property Group
16 deals$291.5M volume
BROKER

Details

SOLD
IMAGE: Brandon Thomas, Scott Dweck & Ceasar Salama DATE: 08/18/2023 ADDRESS: 340 Myrtle Avenue MARKET: Fort Greene, Brooklyn ASSET TYPE: Development Site BUYER: David Halberstam SELLER: Marisol Diaz BUYER'S REP: Ceasar Salama (@C_Salama) - Kassin Sabbagh Realty (@Kassin_Sabbagh_Realty) SELLER'S REP: Brandon Thomas & Scott Dweck (@Scott_Dweck) - Latitude Property Group SALE PRICE: $13,250,000 BSF: 37,188 ~ PPBSF: $356

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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