facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

39 Chauncey Street, Brookly...

Updated Oct 29, 2024

Unicorn Properties Group Acquires Bed-Stuy Development Site On Chauncey Street For $1.05M
SOLDDevelopment Site

Unicorn Properties Group Acquires Bed-Stuy Development Site On Chauncey Street For $1.05M

39 Chauncey Street, Brooklyn, NY 11233, USA

$1,300,000

$171/SF

Building Size

7,600 SF

Asset Type

Development Site

Closing

Aug 26, 2019

About this deal

AI

A development site located at 39-41 Chauncey Street in Bed-Stuy Brooklyn was recently sold for $1,050,000. The property spans 7,600 square feet and has an asking price of $1,300,000, resulting in a price per square foot of $138. The transaction took place on August 27, 2019. Yichen Chen was the seller, while Ita Nave of Unicorn Properties Group acted as the buyer in the deal. The sale was facilitated by brokers Matt Fotis, Paul Youssef, Reid Adams, and Tyler Schadt.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,050,000
  • Address: 39-41 Chauncey Street
  • Market: Bed-Stuy Brooklyn
  • Square Footage: 7,600

Ita Nave, representing Unicorn Properties Group, acquired the development site at 39-41 Chauncey Street in Bed-Stuy Brooklyn. The deal, closed on August 27, 2019, involved seller Yichen Chen. The brokers involved in the transaction were Matt Fotis, Paul Youssef, Reid Adams, and Tyler Schadt.

On the Map

Open live map

$1,300,000

$171/SF

Development Site

View full map

Players

Matt Fotis

Marcus & Millichap

Broker

$621.9M

vol

115 deals

Broker
UG
Unicorn Properties GroupBuyer
Bilt advertisement

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Deal FAQ

About $171 per square foot on a published $1.3M for 7,600 square feet (2019).

Visit Tyler Schadt to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets