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1796 Linden Blvd Brooklyn, ...

Sandy Pena Acquires Land In Brooklyn For $2.2M With Brokers Ripco
SOLDLand

Sandy Pena Acquires Land In Brooklyn For $2.2M With Brokers Ripco

1796 Linden Blvd Brooklyn, NY 11207, USA

$2,200,000

$226/SF

Building Size

9,694 SF

Asset Type

Land

Closing

Sep 6, 2023

AI

A land located at 1796 Linden Boulevard in Brooklyn has been sold for $2,200,000. The property spans 9,694 square feet and has a price per square foot of $227. Additionally, it has a buildable square footage of 29,083 with a price per buildable square foot of $76.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $2,200,000
  • Lot Square Footage: 9,694
  • Price per Lot Square Foot: $227
  • Buildable Square Footage: 29,083
  • Price per Buildable Square Foot: $76
  • Address: 1796 Linden Boulevard, Brooklyn

The buyer of this land is Sandy Pena, while the seller is the Argentina Family. The deal was facilitated by Stephen R. Preuss Sr., Kevin Schmitz, Robert Finnerty, Andreas Efthymiou, and Kevin Louie from Ripco, acting as the brokers in the transaction.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Market 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93