Updated Mar 11, 2025
Marc Kaufman Purchases Development Site At 98 Coffey Street In Red Hook For $4.26M
98 Coffey Street
$4,264,650
Building Size
—
Asset Type
Development Site
Closing
Feb 27, 2025
About this deal
AI
The property asset involved in this transaction is a development site located at 98 Coffey Street in the Red Hook market of Brooklyn. The buyer of the asset is Marc Kaufman, while the seller is Danielle Stein. The sale was completed for a price of $4,264,650, and the site has a total building size of 2,995 square feet, leading to a price per square foot of $1,424.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,264,650
- Buyer: Marc Kaufman
- Seller: Danielle Stein
- Building Size: 2,995 square feet
- Price per square foot: $1,424
- Sale Date: February 27, 2025
- Address: 98 Coffey Street, Red Hook, Brooklyn
This transaction involved key individuals, with Marc Kaufman acting as the buyer and Danielle Stein as the seller, highlighting their roles in the acquisition of the development site in Brooklyn.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.72%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93