Zeqe Mehmetaj Acquires Development Site In Brooklyn For $7.8M With Broker Erik Yankelovich
4202 2nd Avenue
$7,800,000
$394/SF
Building Size
19,750 SF
Asset Type
Development Site
Closing
Nov 18, 2019
AI
The property involved in this transaction is a development site located at 4202 2nd Avenue in Brooklyn. It was sold for $7,800,000.00 and encompasses a total square footage of 19,750.0.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,800,000.00
- Address: 4202 2nd Avenue
- Market: Brooklyn
- Square Footage: 19,750.0
- Buyer: Zeqe Mehmetaj
- Broker: Erik Yankelovich - Atlas Realty Group
This transaction highlights the buyer Zeqe Mehmetaj's acquisition of the development site with the representation of Erik Yankelovich from Atlas Realty Group managing the deal. Erik Yankelovich played a crucial role in facilitating the transaction.
Players
Brooklyn 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93