Sam Goldberg Acquires Development Site In Wingate, Brooklyn For $1.05M
502 Lefferts Avenue
$1,050,000
Building Size
—
Asset Type
Development Site
Closing
Dec 29, 2023
AI
A development site located at 502 Lefferts Avenue in the Wingate neighborhood of Brooklyn has been sold for a total of $1,050,000. The property spans a total of 5,346 square feet, with a price per square foot of $196. The transaction took place on 12/29/2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Address: 502 Lefferts Avenue, Wingate, Brooklyn
- Buyer: Sam Goldberg
- Seller: Crooks Family
- Broker: Erik Rodriguez - Rodriguez Commercial Realty
Erik Rodriguez, from Rodriguez Commercial Realty, represented the buyer, Sam Goldberg, in this transaction.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93