Updated Dec 19, 2023
Yeshaya Wasserman Acquires Development Site In Flatbush, Brooklyn For $3M
341 Lenox Rd, Brooklyn, NY 11226, USA
$3,000,000
$12/SF
Building Size
240,800 SF
Asset Type
Development Site
Closing
Nov 19, 2019
About this deal
AI
A development site located at 341 Lenox Road in Flatbush, Brooklyn was recently sold for $3,000,000. The property has a buildable square footage (BSF) of 24,080 and a price per buildable square footage (PPBSF) of $121.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Address: 341 Lenox Road
- Market: Flatbush, Brooklyn
- BSF: 24,080
- PPBSF: $121
- Seller: Barbara Evans
- Buyer: Yeshaya Wasserman
- Broker: Bestreich Realty Group - Tom Reynolds, Derek Bestreich, Steve Reynolds, Brian Underkofler
The deal was facilitated by the Bestreich Realty Group, represented by Tom Reynolds, Derek Bestreich, Steve Reynolds, and Brian Underkofler.
On the Map
$3,000,000
$12/SF
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93