Matthew A Dicker Acquires Parking Lot In East New York For $14.5M
125 Shepherd Avenue, Brooklyn, NY, USA
$14,509,350
$6,863/SF
Building Size
2,114 SF
Asset Type
Other
Closing
Sep 29, 2021
About this deal
AI
A parking lot located at 12505 Flatlands Ave & 125 Sheperd Ave in East New York has been sold. The property, zoned as M1-1, was purchased by Matthew A Dicker for a total price of $14,509,350. The parking lot has a building square footage of 11,150 and a price per building square footage of $1,301. The lot itself spans 2,114 square feet and has a price per square foot of $6,863.
Summary of transation details
- Property Type: Parking Lot
- Transaction Amount: $14,509,350
- Market: East New York
- Zoning: M1-1
- Buyer: Matthew A Dicker
- Seller: Alan Soiefer
- Building Square Footage: 11,150
- Price per Building Square Footage: $1,301
- Lot Square Footage: 2,114
- Price per Square Foot: $6,863
Matthew A Dicker represented himself as the buyer in this transaction, while Alan Soiefer acted as the seller's representative.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93