Elana Kapul's Development Site Advisors Sells Windsor Terrace Development Site For $3.5M
92 Prospect Park Southwest
$3,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 31, 2024
AI
A development site located at 92 Prospect Park Southwest in Windsor Terrace, Brooklyn has been sold for a price of $3,500,000. The property spans a total of 10,159 square feet, resulting in a price per square foot of $345.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,500,000
- Address: 92 Prospect Park Southwest, Windsor Terrace, Brooklyn
- Market: Windsor Terrace, Brooklyn
- ZFA: 10,159 square feet
- PPZFA: $345
The sale of this development site was facilitated by Elana Kapul from Development Site Advisors.
Development Site Advisors' next in-house training class, Development Site Academy, is set to begin next month. They have 4 remaining spots available for those interested in specializing in the sale of development sites in NYC. If you'd like to be considered, please reach out to them.
Brooklyn 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93