Yeshaya Wasserman Acquires Development Site In Flatbush, Brooklyn For $3M
SOLD
$3,000,000
+ 1
New York
See Similar DealsDevelopment Site240,800 SF
Sold 11/20/2019
SOLD
Yeshaya Wasserman Acquires Development Site In Flatbush, Brooklyn For $3M
341 Lenox Rd, Brooklyn, NY 11226, USA
See Similar DealsDevelopment Site240,800 SF
Sold 11/20/2019
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$12
Total Square Footage:240,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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