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98 Coffey Street

Updated Mar 11, 2025

Marc Kaufman Purchases Development Site At 98 Coffey Street In Red Hook For $4.26M
SOLDDevelopment Site

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

Marc Kaufman

Buyer

$6.1M

vol

2 deals

Buyer

Brooklyn 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

3.72%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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