Apex Development Group Acquires Land At 50 Woods Place In Brooklyn For $1.9M
SOLD
$1,900,000
+ 1
New York
See Similar DealsMultiFamily11,692 SF
Sold 02/03/2025
SOLD
Apex Development Group Acquires Land At 50 Woods Place In Brooklyn For $1.9M
50 Woods Place
See Similar DealsMultiFamily11,692 SF
Sold 02/03/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:11,692 SF
Transaction Type:Sale
The asset involved in this transaction is a land parcel located at 50 Woods Place in Brooklyn. The property was sold for $1,900,000, featuring a total square footage of 11,692. This equates to a price per square foot of $162.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,900,000
- Address: 50 Woods Place
- Market: Brooklyn
- Square Footage: 11,692
- Price per Square Foot: $162
- Buyer: Apex Development Group
- Seller: Madison Square Boys & Girls Club
- Brokers: Jonathan Squires, Josh Neustadter, David Lebenstein & Austin Weiner - Cushman & Wakefield
The parties involved include Apex Development Group as the buyer and Madison Square Boys & Girls Club as the seller. The brokers representing the transaction were Jonathan Squires, Josh Neustadter, David Lebenstein, and Austin Weiner from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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