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
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