Shia Unsdorfer Purchases Development Site From Agnes Alexis In Brooklyn For $1.5M
SOLD
$1,500,000
New York
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SOLD
Shia Unsdorfer Purchases Development Site From Agnes Alexis In Brooklyn For $1.5M
377 Rutland Road
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Sold
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The development site located at 377 Rutland Road in Brooklyn was involved in a real estate transaction with a sale price of $1,500,000. The asset is positioned in an active market, reflecting the ongoing interest in development opportunities within the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Buyer: Shia Unsdorfer
- Seller: Agnes Alexis
- Broker: Erik Rodriguez - Rodriguez Commercial Realty
- Date of Transaction: 09/11/2024
Erik Rodriguez represented the seller, Agnes Alexis, in this transaction, facilitating the deal between the parties involved. The transaction indicates a significant interaction in the local real estate market, driven by the buyer's interest in development potential within Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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