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205 14th Street

Carlos Saavedra Acquires Development Site In Brooklyn For $11.25M
SOLDMultiFamily

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

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

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$118.1M

vol

21 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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