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8 Windsor Place, South Slop...

Scott Plasky, Shaun Riney, David R. Lachtman, Mark Zarrella, And Aaron Lunzer Sell Development Site In Park Slope For $1.35M
SOLDDevelopment Site

Scott Plasky, Shaun Riney, David R. Lachtman, Mark Zarrella, And Aaron Lunzer Sell Development Site In Park Slope For $1.35M

8 Windsor Place, South Slope, Brooklyn, NY, USA

$1,350,000

$1,038/SF

Building Size

1,300 SF

Asset Type

Development Site

Closing

Apr 14, 2021

AI

Located at 8 Windsor Place in Park Slope, this development site is a prime asset with a zoning classification of R6A, R5B, and C2-4. With a size of 6,000 BSF (buildable square footage) and a price per buildable square foot of $225, this property offers great potential for future development. The site spans across 1,300 square feet, providing ample space for a variety of projects.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,350,000
  • Address: 8 Windsor Place
  • Market: Park Slope
  • Zoning: R6A, R5B, C2-4

The sale of this property was facilitated by a team of experienced brokers, including Scott Plasky, Mark Zarrella, Aaron Lunzer, and Shaun Riney from Marcus & Millichap_NY. Representing the seller's interests in the deal was David R. Lachtman from Lachtman Cohen P.C., serving as the seller's counsel.

The transaction took place on April 15, 2021, with a sale price of $1,350,000. This deal presents an opportunity for the buyer to maximize the potential of this development site, given its desirable location in Park Slope and the favorable zoning regulations.

Players

Mark Zarrella

Marcus & Millichap

Broker

$262.2M

vol

38 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

Brooklyn 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93