Yoel Goldman's All Year Management Acquires $4M Development Site In Brooklyn
89 N 4th St, Brooklyn, NY 11249, USA
$4,000,000
$53/SF
Building Size
75,000 SF
Asset Type
Development Site
Closing
Jun 11, 2018
AI
An 89 North 4th Street development site in Brooklyn has been sold for $4,000,000. The property spans 7,500 square feet and has a price per buildable square foot (PPBSF) of $533. The transaction was completed by Yoel Goldman of All Year Management, who purchased the property from Joseph, Joyce, and Raymond Hoo Kim.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 89 North 4th Street, Brooklyn
- Market: Brooklyn
- BSF: 7,500
- PPBSF: $533
- Seller: Joseph, Joyce, and Raymond Hoo Kim
- Buyer: Yoel Goldman- All Year Management
- Broker: Bestreich Realty Group- Justin Zeitchik @bestreichrealtygroup (for Seller) and Yona Edelkopf (for Buyer)
This transaction showcases the involvement of Yoel Goldman, representing All Year Management, as the buyer, and Joseph, Joyce, and Raymond Hoo Kim as the sellers. The deal was facilitated by the Bestreich Realty Group, with Justin Zeitchik representing the sellers and Yona Edelkopf representing the buyer.
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93