Oleg Krasnitskiy Acquires Development Site On Ocean Avenue For $4.25M
SOLD
$4,250,000
+ 1
New York
See Similar DealsDevelopment Site
Sold 12/19/2022
SOLD
Oleg Krasnitskiy Acquires Development Site On Ocean Avenue For $4.25M
608 Ocean Avenue
See Similar DealsDevelopment Site
Sold 12/19/2022
+ 1
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 608 Ocean Avenue in New York City has been sold for a price of $4,250,000. The property spans a total of 22,500 square feet and has a price per buildable square foot (PPBSF) of $190. The transaction took place on December 19, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Address: 608 Ocean Avenue
- Market: New York City
- BSF: 22,500
- PPBSF: $190
Oleg Krasnitskiy is the buyer of the property, while the seller is Kfir Klausner. The deal was facilitated by brokers Daniel Lebor and Andrew Manasia from Terra CRG.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
Is there something missing? Send suggestions