Isaac Maman Acquires Development Site In Clinton Hill, Brooklyn For $2.15M
SOLD
$2,150,000
+ 1
New York
See Similar DealsDevelopment Site6,500 SF
Sold 08/02/2018
SOLD
Isaac Maman Acquires Development Site In Clinton Hill, Brooklyn For $2.15M
508 Waverly Ave, Brooklyn, NY 11238, USA
See Similar DealsDevelopment Site6,500 SF
Sold 08/02/2018
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$330
Total Square Footage:6,500 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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