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Esther Judelson Acquires Development Site In Williamsburg, Brooklyn For $1.2M

Property Image
SOLD
$1,200,000
Thomas Ventura
Luke Sproviero
Donal Flaherty
+ 2

New York

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Development Site1,894 SF
Sold 09/28/2022
the dealplayerscompscontact
Property Image
SOLD

Esther Judelson Acquires Development Site In Williamsburg, Brooklyn For $1.2M

68 South 1st Street, Brooklyn, New York 11249, United States

See Similar Deals
Development Site1,894 SF
Sold 09/28/2022
Thomas Ventura
Luke Sproviero
Donal Flaherty
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$633
Total Square Footage:1,894 SF
Transaction Type:Sale

A development site located at 68 S. 1st St. in Williamsburg, Brooklyn has been sold for a price of $1,200,000. The transaction took place on September 28, 2022.

Summary of transaction details:

The property has a total building square footage (BSF) of 1,894 with a price per square foot (PPSF) of $633.

Luke Sproviero, Donal Flaherty, Derek Bestreich, Corey Haynes, and Thomas Ventura, of Investment Property Realty Group (IPRG), represented the buyer and seller in this transaction.

Players

Corey Haynes
Investment Property Realty Group (IPRG)
Corey Haynes
62 deals$228M volume(718) 360-1942
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Donal Flaherty
Investment Property Realty Group (IPRG)
Donal Flaherty
101 deals$367.7M volume(718) 360-8823
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Thomas Ventura
Investment Property Realty Group (IPRG)
Thomas Ventura
40 deals$160.9M volume
BROKER

Details

SOLD
IMAGE: Luke Sproviero & Donal Flaherty DATE: 09/28/2022 ADDRESS: 68 S. 1st St. MARKET: Williamsburg, Brooklyn ASSET TYPE: Development site BUYER: Esther Judelson SELLER: Jonah Pregerson BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Donal Flaherty (@donalflaherty1), Corey Haynes (@Corey_Haynes) & Thomas Ventura (@Tom_Ventura29) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,200,000 BSF: 1,894 ~ PPSF: $633

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35