Updated Dec 4, 2024
Column A Realty LLC Sells Development Site In Crown Heights For $4.05M
699 Prospect Place, 705 Prospect Pl & 1415 Bedford Avenue
$4,050,000
Building Size
—
Asset Type
Development Site
Closing
Apr 4, 2024
About this deal
AI
The development site located at 699-705 Prospect Pl & 1415 Bedford Ave in Crown Heights, Brooklyn, was sold for $4,050,000. The property spans 17,824 square feet with a price per buildable square foot of $227.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,050,000
- Address: 699-705 Prospect Pl & 1415 Bedford Ave
- Market: Crown Heights, Brooklyn
- Seller: Column A Realty LLC –
- Brokers: Andrew Manasia & Daniel Lebor - Terra CRG
- BSF: 17,824
- PPBSF: $227
Andrew Manasia and Daniel Lebor from Terra CRG represented the seller, Column A Realty LLC – , in the transaction of this development site.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93