The Health Science Center At Brooklyn Foundation Acquires Development Site In Brooklyn For $2.9M
368 Lenox Rd, Brooklyn, NY 11226, USA
Building Size
18,900 SF
Asset Type
Development Site
Closing
Jun 28, 2018
AI
A development site located at 368 Lenox Rd in Brooklyn, New York has been sold for a price of $2,900,000. The property spans 18,900 square feet and has a price per square foot of $153.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $2,900,000
- Address: 368 Lenox Rd, Brooklyn, New York
- Market: Brooklyn
- BSF: 18,900 sf
- PPSF: $153
The seller of the development site is Joseph Kaufman, while the buyer is The Health Science Center at Brooklyn Foundation. The broker representing the transaction is Steven Vegh.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93