Avi Cohen Acquires Development Site In Prospect Heights For $2.55M
SOLD
$2,550,000
New York
See Similar DealsDevelopment Site9,969 SF
Sold 04/11/2019
SOLD
Avi Cohen Acquires Development Site In Prospect Heights For $2.55M
373 Prospect Place, Brooklyn, NY 11238
See Similar DealsDevelopment Site9,969 SF
Sold 04/11/2019
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$255
Total Square Footage:9,969 SF
Transaction Type:Sale
A development site located at 373 Prospect Pl in Prospect Heights has been sold for a price of $2,550,000. The property has a building square footage (BSF) of 9,969, resulting in a price per building square footage (PPBSF) of $255.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $2,550,000
- Building Square Footage (BSF): 9,969
- Price per Building Square Footage (PPBSF): $255
- Address: 373 Prospect Pl
- Market: Prospect Heights
The seller of the development site was Josh Randone, while the buyer was Avi Cohen. The deal was facilitated by Ariel Ben Ezra from the brokerage firm of the same name.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
Is there something missing? Send suggestions