Samuel Blank Purchases Development Site At 630 Humboldt Street From Zbigniew Wanielista For $1.9M
SOLD
$1,900,000
New York
See Similar DealsDevelopment Site2,232 SF
Sold 07/16/2024
SOLD
Samuel Blank Purchases Development Site At 630 Humboldt Street From Zbigniew Wanielista For $1.9M
630 Humboldt Street
See Similar DealsDevelopment Site2,232 SF
Sold 07/16/2024
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$851
Total Square Footage:2,232 SF
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 630 Humboldt Street in Greenpoint, Brooklyn. The sale price was $1,900,000, with a buildable square footage (BSF) of 4,750, resulting in a price per buildable square foot (PPBSF) of $400. The site also has a total square footage (SF) of 2,232, equating to a price per square foot (PPSF) of $851.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Buyer: Samuel Blank
- Seller: Zbigniew Wanielista
- Broker: Paul Youssef - FTS Capital
This transaction features Samuel Blank as the buyer and Zbigniew Wanielista as the seller, with representation provided by broker Paul Youssef from FTS Capital. The deal highlights an engagement in the Brooklyn real estate market, specifically targeting development opportunities.
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)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
Is there something missing? Send suggestions