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
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