EVgo Services Acquires Development Site In Bay Ridge For $5.3M
SOLD
$5,300,000
New York
See Similar DealsDevelopment Site
Sold 12/09/2022
SOLD
EVgo Services Acquires Development Site In Bay Ridge For $5.3M
9201 5th Avenue
See Similar DealsDevelopment Site
Sold 12/09/2022
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 9201 5th Avenue in Bay Ridge has been sold for a price of $5,300,000. The buyer, EVgo Services, acquired the property from the Podolsky Family. The transaction was facilitated by Daniel O'Brien, Rico Murtha, Felton Hatcher, and Helen Paul of Cushman & Wakefield.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,300,000
- Address: 9201 5th Avenue
- Market: Bay Ridge
EVgo Services purchased the development site at 9201 5th Avenue in Bay Ridge from the Podolsky Family for a total of $5,300,000. The property spans approximately 20,866 square feet with a price per square foot of $254. The transaction was facilitated by Daniel O'Brien, Rico Murtha, Felton Hatcher, and Helen Paul of Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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