Anshel Friedman Acquires Development Property In East Flatbush, Brooklyn For $11.75M
885 Rogers Ave, Brooklyn, NY 11226, USA
$11,750,000
$108/SF
Building Size
108,175 SF
Asset Type
Development Site
Closing
Oct 3, 2018
AI
The development property located at 885 Rogers Avenue in Brooklyn, specifically in the East Flatbush neighborhood, has been sold in a closed transaction. The closing date for this transaction was on October 4, 2018. The property, with a total buildable square footage of 163, was sold for a price of $11,750,000.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $11,750,000
- Address: 885 Rogers Avenue, Brooklyn
- Neighborhood: East Flatbush
- Total Buildable Square Footage: 163
Anshel Friedman has purchased the property from The League Treatment Center PP. The buyer was represented by TerraCRG's investment sales team, led by Ofer Cohen, Dan Marks, and their team of brokers.
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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93