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175 Rochester Avenue

Shabse Fuchs Acquires Development Site At 175 Rochester Avenue Brooklyn For $2.15M
SOLDDevelopment Site

Shabse Fuchs Acquires Development Site At 175 Rochester Avenue Brooklyn For $2.15M

175 Rochester Avenue

$2,150,000

$345/SF

Building Size

6,225 SF

Asset Type

Development Site

Closing

Dec 30, 2024

AI

The asset involved in this transaction is a development site located at 175 Rochester Avenue in Brooklyn. The property was sold for $2,150,000, covering a building square footage of 13,626, resulting in a price per building square foot of $157. The site encompasses a total of 6,225 square feet, which translates to a price per square foot of $345.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $2,150,000
  • Building Square Footage: 13,626
  • Price per Building Square Foot: $157
  • Total Square Footage: 6,225
  • Price per Square Foot: $345
  • Buyer: Shabse Fuchs
  • Seller: Ely Sakhai
  • Buyer's Representative: Sion Hourizahdeh
  • Sale Date: 12/30/2024

This transaction has Shabse Fuchs as the buyer represented by Sion Hourizahdeh. Ely Sakhai is identified as the seller in this deal. The successful transfer of ownership took place on December 30, 2024.

Players

Sion Hourizahdeh

Broker

$2.2M

vol

1 deal

Broker

Shabse Fuchs

Buyer

$52.2M

vol

3 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93