facebook
Traded Co logo
Submit
Daily limit: 0/10

Rick Gropper Of Camber Property Group Purchases Development Site From Marvin Azrak For $12.2M

Property Image
SOLD
$12,200,000
MA
Rick Gropper

New York

See Similar Deals
Development Site7,972 SF
Sold 02/28/2025
the dealplayerscompscontact
Property Image
SOLD

Rick Gropper Of Camber Property Group Purchases Development Site From Marvin Azrak For $12.2M

4218 Fort Hamilton Parkway

See Similar Deals
Development Site7,972 SF
Sold 02/28/2025
MA
Rick Gropper
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,530
Total Square Footage:7,972 SF
Transaction Type:Sale

A development site located at 4218 Fort Hamilton Parkway in Borough Park, Brooklyn was sold for $12,200,000. The property has a building square footage of 25,150 and a price per building square foot of $485. The site encompasses a total square footage of 7,972, with a price per square foot of $1,530.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $12,200,000
  • Buyer: Rick Gropper - Camber Property Group
  • Seller: Marvin Azrak - Maguire Capital Group
  • BSF: 25,150
  • PPBSF: $485
  • SF: 7,972
  • PPSF: $1,530

Rick Gropper represented Camber Property Group in the acquisition, while Marvin Azrak represented Maguire Capital Group, marking a significant development investment in the Borough Park area.

Players

Rick Gropper
Camber Property Group
Rick Gropper
16 deals$716.7M volume
BUYER
MA
Marvin Azrak
9 deals$111.8M volume
SELLER

Details

SOLD
IMAGE: Rick Groppe & Marvin Azrak DATE: 02/28/2025 ADDRESS: 4218 Fort Hamilton Parkway MARKET: Borough Park, Brooklyn ASSET TYPE: Development Site BUYER: Rick Gropper - Camber Property Group SELLER: Marvin Azrak - Maguire Capital Group SALE PRICE: $12,200,000 BSF: 25,150 ~ PPBSF: $485 SF: 7,972 ~ PPSF: $1,530 NOTE: Camber Property Group bought a development site at 4218 Fort Hamilton Parkway in Borough Park for $12.2M from Maguire Capital Group, with plans for ground-up development.

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$650,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69