Carlos Saavedra Acquires Development Site In Brooklyn For $11.25M
SOLD
$11,250,000
+ 3
New York
See Similar DealsMultiFamily39,664 SF
Sold 03/24/2022
SOLD
Carlos Saavedra Acquires Development Site In Brooklyn For $11.25M
205 14th Street
See Similar DealsMultiFamily39,664 SF
Sold 03/24/2022
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:39,664 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87
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