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455 Fulton St, Brooklyn, NY...

Updated Oct 29, 2024

United American Land Acquires Development Site In Brooklyn Heights For $5.68M
SOLDDevelopment Site

United American Land Acquires Development Site In Brooklyn Heights For $5.68M

455 Fulton St, Brooklyn, NY 11201, USA

$5,680,125

$205/SF

Building Size

27,588 SF

Asset Type

Development Site

Closing

Aug 26, 2020

About this deal

AI

A development site located at 455 Fulton Street in Brooklyn Heights has been sold for a total price of $5,680,125. The property, which is zoned as C6-4.5 and DB, spans a lot size of 19.92 ft x 117.92 ft (2,299 SF). The buyer, United American Land, acquired the site from Solil Management in a closed transaction.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,680,125
  • Market: Brooklyn Heights
  • Zoning: C6-4.5, DB
  • Address: 455 Fulton Street

United American Land acted as the purchaser in the deal, while Solil Management served as the seller. The sale of this development site signifies a significant transaction in the Brooklyn Heights market. The property, with a buildable square footage (BSF) of 27,588 and a price per buildable square foot (PPBSF) of $205, offers potential for future development opportunities. This transaction demonstrates the continued interest and investment in the Brooklyn real estate market.

On the Map

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$5,680,125

$205/SF

Development Site

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Players

United American Land
United American LandBuyer
Solil Management
Solil ManagementSeller
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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $205 per square foot on a published $5.7M for 27,588 square feet (2020).

Browse New York development site sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.79%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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