David Samuels Acquires Development Site On Rutland Rd In Brooklyn For $1.65M
383 Rutland Rd, Brooklyn, NY 11225, USA
$1,650,000
$17/SF
Building Size
97,000 SF
Asset Type
Development Site
Closing
Oct 3, 2018
AI
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
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93