Development Site At 1025 Atlantic Avenue Sold For $14M In Bed-Stuy With Brokers Newmark
SOLD
$14,000,000
+ 2
New York
See Similar DealsDevelopment Site65,652 SF
Sold 02/26/2026
SOLD
Development Site At 1025 Atlantic Avenue Sold For $14M In Bed-Stuy With Brokers Newmark
1025 Atlantic Avenue
See Similar DealsDevelopment Site65,652 SF
Sold 02/26/2026
+ 2
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$213
Total Square Footage:65,652 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 1025 Atlantic Avenue in the Bed-Stuy market. The sale price of the property was $14,000,000, which corresponds to 65,652 square feet, resulting in a price per square foot of $213.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $14,000,000
- Address: 1025 Atlantic Avenue
- Market: Bed-Stuy
- Square Footage: 65,652
- Price per Square Foot: $213
This transaction involved the collaboration of brokers Daniel O'Brien, Mike Kavanagh, Caroline Hodes, Henry Hill, and Danny Jones, who represented the parties through Newmark.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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