Carlos Saavedra Acquires Development Site In Brooklyn For $11.25M
205 14th Street
$11,250,000
$283/SF
Building Size
39,664 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
AI
Carlos Saavedra has purchased a development site located at 205 14th St. in Brooklyn. The transaction took place on 03/24/2022 for a total sale price of $11,250,000. The property has a building square footage (BSF) of 39,664 and a price per BSF (PPBSF) of $283.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,250,000
- Address: 205 14th St., Brooklyn
- Market: Brooklyn
- Buyer: Carlos Saavedra
- Brokers: Guthrie Garvin, Brendan Maddigan, Jack Norton, Connor McCullough & Winfield Clifford - JLL
- BSF: 39,664
- PPBSF: $283
The deal was facilitated by JLL brokers Guthrie Garvin, Brendan Maddigan, Jack Norton, Connor McCullough, and Winfield Clifford. They represented Carlos Saavedra in the purchasing process.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93