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508 Waverly Ave, Brooklyn, ...

Isaac Maman Acquires Development Site In Clinton Hill, Brooklyn For $2.15M
SOLDDevelopment Site

Isaac Maman Acquires Development Site In Clinton Hill, Brooklyn For $2.15M

508 Waverly Ave, Brooklyn, NY 11238, USA

$2,150,000

$330/SF

Building Size

6,500 SF

Asset Type

Development Site

Closing

Aug 1, 2018

AI

The development site located at 508 Waverly Ave in Clinton Hill, Brooklyn has been sold for a price of $2,150,000. The property has a buildable square footage (BSF) of 6,500 and a price per buildable square footage (PPBSF) of 330.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,150,000
  • Address: 508 Waverly Ave
  • Market: Clinton Hill, Brooklyn

The buyer of the property is Isaac Maman, represented by Ohad Babo as his broker. The seller is Bonjour Capital, with Charles Dayan as its representative. GFI Realty Services acted as the seller's representative with Sasha Berg and Yisroel Pershin as the brokers involved in the transaction.

Players

Ohad Babo

Kassin Sabbagh Realty

Broker

$192.7M

vol

20 deals

Broker
Charles Dayan

Charles Dayan

Bonjour Capital

Seller

$116.2M

vol

5 deals

Seller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93