Updated Oct 29, 2024
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
About this deal
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.
On the Map
$2,150,000
$330/SF
Development Site
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Players
New York Development Site Market Snapshot
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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