Updated Sep 5, 2024
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
About this deal
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.
On the Map
$11,250,000
$283/SF
MultiFamily
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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