Arthur Lovejoy Sells Development Site At 49 Herbert St New York For $2.1M
SOLD
$2,100,000
New York
See Similar DealsDevelopment Site
Sold 11/19/2024
SOLD
Arthur Lovejoy Sells Development Site At 49 Herbert St New York For $2.1M
49 Herbert St
See Similar DealsDevelopment Site
Sold 11/19/2024
Summary
NEW YORK
Asset Type:Development Site
Lot Square Footage:2500 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 49 Herbert St, New York. The transaction was completed for a price of $2,100,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,100,000.00
- Address: 49 Herbert St
- Market: New York
- Seller: Arthur Lovejoy
- Brokers: Josh Lipton - Invictus; Andrew Levine - Invictus
This transaction highlights the involvement of brokers Josh Lipton and Andrew Levine, both representing Invictus in this deal. The seller of the property, Arthur Lovejoy, played a key role in the successful closure of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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