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
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