Updated Oct 29, 2024
Koby Telyas Acquires Development Site On India Street In Brooklyn For $1.9M
81 India St, Brooklyn, NY 11222, USA
Building Size
4,937 SF
Asset Type
Development Site
Closing
Jul 24, 2018
About this deal
AI
Located at 81 India Street in Brooklyn, New York, this development site recently underwent a closed transaction. The property, situated on a lot measuring 25 ft. x 100 ft., was sold for $1,900,000. It is zoned as R6B, allowing for various development opportunities.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Lot Dimensions: 25 ft. x 100 ft.
- Zoning: R6B
The seller of the property was the Galanek Family, while the buyer was Koby Telyas representing Investmates Real Estate and Development. The transaction was facilitated by BRG | Bestreich Realty Group.
On the Map
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93