David Samuels Acquires Development Site On Rutland Rd In Brooklyn For $1.65M
SOLD
$1,650,000
New York
See Similar DealsDevelopment Site97,000 SF
Sold 10/04/2018
SOLD
David Samuels Acquires Development Site On Rutland Rd In Brooklyn For $1.65M
383 Rutland Rd, Brooklyn, NY 11225, USA
See Similar DealsDevelopment Site97,000 SF
Sold 10/04/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$17
Total Square Footage:97,000 SF
Transaction Type:Sale
A development site located at 383 Rutland Rd in Brooklyn has been sold for a price of $1.65 million. The property has a buildable square footage (BSF) of 9,700, which translates to a price per buildable square footage (PPBSF) of $170. The transaction took place on 10/04/2018.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $1.65 million
- Buildable Square Footage (BSF): 9,700
- Price per Buildable Square Footage (PPBSF): $170
- Address: 383 Rutland Rd, Brooklyn
- Market: Brooklyn
The buyer in this transaction is David Samuels, while the seller is Hilda Maisonet. The deal was facilitated by Marcel Fridman from Barcel Group, who represented the buyer, David Samuels.
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)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
Is there something missing? Send suggestions