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89 N 4th St, Brooklyn, NY 1...

Yoel Goldman's All Year Management Acquires $4M Development Site In Brooklyn
SOLDDevelopment Site

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.

Players

Yoel Goldman

All Year Management

Buyer

$473.8M

vol

8 deals

Buyer

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93