Updated Dec 21, 2023
Reginald Bachus Acquires Development Site In Bedford-Stuyvesant, Brooklyn For $1.03M
676 Halsey St, Brooklyn, NY 11233, USA
$1,030,000
$20/SF
Building Size
50,000 SF
Asset Type
Development Site
Closing
Aug 29, 2020
About this deal
AI
A development site located at 676 Halsey Street in Bedford-Stuyvesant, Brooklyn has been sold in a closed transaction. The property spans across 5,000 square feet and was sold for a total price of $1,030,000. The price per square foot for this transaction was $206.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $1,030,000
- Address: 676 Halsey Street
- Market: Bedford-Stuyvesant, Brooklyn
- Square Footage: 5,000
- Price per Square Foot: $206
The buyer in this transaction is Reginald Bachus, while the seller is Isaac Dana. Representing the deal were Derek Bestreich & Steve Reynolds from Bestreich Realty Group.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93