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14 20 West 40th St

Ziel Feldman Of HFZ Capital Group Purchases Land From Philip Pilevsky For $52M In Brooklyn
SOLDLand

Ziel Feldman Of HFZ Capital Group Purchases Land From Philip Pilevsky For $52M In Brooklyn

14 20 West 40th St

$52,000,000

$275/SF

Building Size

189,000 SF

Asset Type

Land

Closing

Oct 8, 2010

AI

The asset involved in this transaction is land located at 14 20 West 40th St, Brooklyn. The property was sold for $52,000,000.00 and spans an area of 189,000 square feet.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $52,000,000.00
  • Address: 14 20 West 40th St
  • Market: Brooklyn
  • Square Footage: 189,000.0
  • Buyer: Ziel Feldman and HFZ Capital Group
  • Seller: Philip Pilevsky
  • Broker: Khashy Eyn, Platinum Commercial

Ziel Feldman represents HFZ Capital Group in this deal, while Philip Pilevsky was the seller of the land. Khashy Eyn acted as the broker for this transaction, facilitating the deal between the buyer and the seller.

Players

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker

Ziel Feldman

HFZ Capital Group

Buyer

$102M

vol

3 deals

Buyer
HG
HFZ Capital GroupBuyer

Philip Pilevsky

Seller

$75M

vol

2 deals

Seller

Brooklyn Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93