Shia Unsdorfer Purchases Development Site From Agnes Alexis In Brooklyn For $1.5M
377 Rutland Road
$1,500,000
Building Size
—
Asset Type
Development Site
Closing
Sep 11, 2024
AI
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.
Brooklyn 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93