Jack Waldman Purchases Development Site From Lipsitz Family For $6 Million In Brooklyn
SOLD
$6,000,000
New York
See Similar DealsDevelopment Site7,200 SF
Sold
SOLD
Jack Waldman Purchases Development Site From Lipsitz Family For $6 Million In Brooklyn
32 4th Avenue
See Similar DealsDevelopment Site7,200 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$833
Total Square Footage:7200 SF
Transaction Type:Sale
The property involved in this transaction is a development site located at 32 4th Avenue in Brooklyn. The sale price of the asset was $6,000,000, with a total square footage of 7,200 and a price per square foot of $833.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 32 4th Avenue
- Market: Brooklyn
- Square Footage: 7,200
- Price per Square Foot: $833
- Buyer: Jack Waldman
- Seller: Lipsitz Family
- Broker: Elli Khafizov - Atlas Realty Group
Jack Waldman acted as the buyer in this transaction, while the seller was identified as Lipsitz Family. The brokerage for the deal was represented by Elli Khafizov from Atlas Realty Group, who facilitated the transaction between the two parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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