Sam Goldberg Acquires Development Site In Wingate, Brooklyn For $1.05M
SOLD
$1,050,000
New York
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Sold
SOLD
Sam Goldberg Acquires Development Site In Wingate, Brooklyn For $1.05M
502 Lefferts Avenue
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Sold
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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