Bender Family Acquires Boerum Hill Development Site For $1.1M
354 Dean Street
$1,100,000
Building Size
—
Asset Type
Development Site
Closing
Jan 19, 2023
AI
A development site located at 354 Dean Street in Boerum Hill has been sold. The property was purchased by the Bender Family from the Brutus Family in a closed transaction. The sale price for the site was $1,100,000. The property has a building square footage (BSF) of 4500 and a price per building square footage (PPBSF) of $245. The deal was facilitated by Hirschy Zaks and Itanel Rahmani from Venture Capital Properties.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,100,000
- Address: 354 Dean Street
- Market: Boerum Hill
Hirschy Zaks and Itanel Rahmani, representing Venture Capital Properties, played a key role in this transaction. They are experienced brokers who are available to assist with any off-market purchases or sales. Hirschy Zaks can be reached at [email protected] or 240.723.5644, while Itanel Rahmani can be contacted at [email protected] or 212.213.7800 x 120.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93