Alena Michlin Purchases Development Site From Doron Levy In Brooklyn For $1.66M
SOLD
$1,660,000
New York
See Similar DealsDevelopment Site2,880 SF
Sold
SOLD
Alena Michlin Purchases Development Site From Doron Levy In Brooklyn For $1.66M
2254 East 66th Street
See Similar DealsDevelopment Site2,880 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$576
Total Square Footage:2880 SF
Transaction Type:Sale
This development site located at 2254 East 66th Street in Brooklyn was sold for $1,660,000. The property has a total square footage of 2,880, resulting in a price per square foot of $576.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,660,000
- Address: 2254 East 66th Street
- Market: Brooklyn
- Buyer: Alena Michlin
- Seller: Doron Levy
- Brokers: Marina Belorusets & Natalie Efraimov - 5 Boro Realty
Marina Belorusets and Natalie Efraimov represented the buyer in this transaction, facilitating the sale between Alena Michlin and Doron Levy, the respective parties involved in the agreement.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,897.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,869.25
Annual Debt Service$94,430.96
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