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237 Pacific Street

Enrico Ferri, Eric Carino & Itai Nave Of Unicorn Properties Group Acquire Development Site In Brooklyn For $2.48M
SOLDDevelopment Site

Enrico Ferri, Eric Carino & Itai Nave Of Unicorn Properties Group Acquire Development Site In Brooklyn For $2.48M

237 Pacific Street

$2,478,600

Building Size

Asset Type

Development Site

Closing

Mar 4, 2025

AI

A development site located at 237 Pacific Street in Brooklyn has been sold for $2,478,600. The asset encompasses 5,625 square feet, resulting in a price per building square foot of $440.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,478,600
  • Buyer: Enrico Ferri, Eric Carino & Itai Nave - Unicorn Properties Group
  • Seller: Nicholas Quinones
  • Building Square Footage: 5,625
  • Price Per Building Square Foot: $440

The transaction involved key individuals Enrico Ferri, Eric Carino, and Itai Nave, who represent Unicorn Properties Group as the buyers. Nicholas Quinones is the seller of the property. Eric Carino is available for contact at the office number 516-789-2699 or mobile number 718-844-1118, and can be reached via email at [email protected]. The buyers are actively seeking to purchase single and multi-unit properties in North-Brooklyn, Northwestern Brooklyn, Central Brooklyn near Prospect Park, and Ridgewood Queens.

Players

Eric Carino

Unicorn Properties Group

Buyer

$12.2M

vol

10 deals

Buyer
UG
Unicorn Properties GroupBuyer

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.40%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93