Updated Sep 5, 2024
Danny Ohana Acquires Development Site In Bushwick, Brooklyn For $835,000
373 Palmetto St, Brooklyn, NY 11237, USA
$835,000
$13/SF
Building Size
60,750 SF
Asset Type
Development Site
Closing
Aug 12, 2020
About this deal
AI
The development site located at 373 Palmetto Street in Bushwick, Brooklyn has been sold in a recent transaction. The property, zoned as R6, spans a lot size of 25 ft x 100 ft. The sale price for this transaction was $835,000, with a building square footage (BSF) of 6,075. This translates to a price per BSF (PPBSF) of $137. The previous sale price for the property was $390,000 in May 2009.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $835,000
- Address: 373 Palmetto Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Zoning: R6
- Lot Size: 25 ft x 100 ft
- Building Square Footage (BSF): 6,075
- Price Per BSF (PPBSF): $137
- Last Sale Price: $390,000 (5/2009)
In this transaction, the buyer of the development site was Danny Ohana. The seller was Andrew [...].
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
19.00%
Cash-on-Cash
-5.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93