facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

377 Rutland Road

Shia Unsdorfer Purchases Development Site From Agnes Alexis In Brooklyn For $1.5M
SOLDDevelopment Site

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.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

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