Updated Nov 20, 2023
Singh Family Acquires Development Site On Liberty Avenue In Brooklyn For $1.4M
865 Liberty Avenue, Brooklyn, NY 11208
$1,400,000
$93/SF
Building Size
15,000 SF
Asset Type
Development Site
Closing
Dec 2, 2018
About this deal
AI
The development site located at 865 Liberty Avenue in Brooklyn has been sold for $1,400,000. The property spans a total of 15,000 square feet, resulting in a price per square foot of $93. The sale took place on December 3, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Seller: The Mann Family
- Buyer: The Singh Family
- Broker: Robert Ritchie
- Address: 865 Liberty Avenue
- Market: Brooklyn
- BSF: 15,000 square feet
- PPBSF: $93
The Mann Family, represented by Robert Ritchie, sold the development site to the Singh Family. The transaction, which closed on December 3, 2018, marks an important deal in the Brooklyn market.
Players
New York 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93