facebook
Traded Co logo
Submit

David Cayre Acquires Development Site In Brooklyn's Bay Ridge For $5.2M

Property Image
SOLD
$5,200,000
Ronald "Ron" Solarz

New York

See Similar Deals
Development Site22,316 SF
Sold 07/16/2019
the dealplayerscompscontact
Property Image
SOLD

David Cayre Acquires Development Site In Brooklyn's Bay Ridge For $5.2M

9111 4th Ave, Brooklyn, NY 11209, USA

See Similar Deals
Development Site22,316 SF
Sold 07/16/2019
Ronald "Ron" Solarz
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$233
Total Square Footage:22,316 SF
Transaction Type:Sale

Located at 9111 Fourth Avenue in Brooklyn's Bay Ridge neighborhood, this development site was recently sold in a closed transaction. The property spans a total of 22,316 square feet, with a sale price of $5,200,000, resulting in a price per square foot of $233. The seller, Juliano Family, enlisted the services of Craig Slosberg, Ronald Solarz, and Gary Meese as their representatives in the deal. The buyer, David Cayre, successfully acquired the property.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $5,200,000
  • Asking Price: $4,900,000
  • Square Footage: 22,316
  • Price Per Square Foot: $233
  • Seller: Juliano Family
  • Buyer: David Cayre
  • Seller's Representatives: Craig Slosberg, Ronald Solarz, Gary Meese

The purchase of this development site was facilitated by the buyer's representative, David Cayre. The deal closed successfully, with the seller, Juliano Family, securing a sale price of $5,200,000. The property's location in Brooklyn's Bay Ridge makes it a desirable asset for potential development opportunities. The transaction showcases the active real estate market in the area, with interested buyers willing to invest in development sites.

Players

Ronald "Ron" Solarz
13 deals$206.2M volume
BROKER

Craig Slosberg
Newmark
4 deals$5.2M volume
BROKER

Details

SOLD
IMAGE: Craig Slosberg, Ronald Solarz, Gary Meese DATE: 07/16/2019 ADDRESS: 9111 Fourth Avenue MARKET: Brooklyn, Bay Ridge ASSET TYPE: Development Site ASKING PRICE: $4,900,000 SALE PRICE: $5,200,000 SF: 22,316 PPSF: $233 SELLER: Juliano Family BUYER: David Cayre SELLER’S REP: Craig Slosberg, Ronald Solarz, Gary Meese

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83