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
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
6.40%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93