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Joseph Mauskopf Acquires Development Site On Dekalb Avenue For $2.1M

Property Image
SOLD
$2,100,000

New York

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MultiFamily
Sold 01/10/2023
the dealplayerscompscontact
Property Image
SOLD

Joseph Mauskopf Acquires Development Site On Dekalb Avenue For $2.1M

Bushwick, Brooklyn

See Similar Deals
MultiFamily
Sold 01/10/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

A development site located at 1336 Dekalb Avenue in New York City has been sold for a price of $2,100,000. The property features a prime location in the city, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,100,000
  • Address: 1336 Dekalb Avenue, New York City
  • Market: New York City

The buyer of the property is Joseph Mauskopf, and the seller is Glenn Reed. The transaction was facilitated by broker Romain Sinclair from Greysteel. With his expertise and knowledge of the market, Romain Sinclair ensured a smooth transaction for both the buyer and seller.

Players

Romain Sinclair
Greysteel
Romain Sinclair
14 deals$33.2M volume
BROKER

Details

SOLD
IMAGE: Romain Sinclair DATE: 01/10/2023 ADDRESS: 1336 Dekalb Avenue MARKET: New York City ASSET TYPE: Development Site BUYER: Joseph Mauskopf SELLER: Glenn Reed BROKER: Romain Sinclair (@RomainAmericain) - Greysteel (@TheGreysteelCompany) SALE PRICE: $2,100,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
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