Updated Aug 24, 2026
McClinton Family Acquires 121 Macdougal Street From Zadeh Family For $825,000
121 Macdougal Street
$825,000
$550/SF
Building Size
1,500 SF
Asset Type
Development Site
Closing
Jul 27, 2026
About this deal
AI
121 Macdougal Street is a vacant two-family property located in Brooklyn, which was sold for $825,000. The asset comprises 1,500 square feet and offers 5,000 buildable square feet, as it comes with approved architectural plans for an alteration utilizing additional air rights.
Summary of transaction details:
- Property Type: 2-Family
- Transaction Amount: $825,000
- Address: 121 Macdougal Street
- Market: Brooklyn
- Square Footage: 1,500
- Price Per Square Foot: $550
- Buyer: McClinton Family
- Seller: Zadeh Family
- Seller's Representative: Sadya Liberow & Natali Gil - Asset CRG Advisors
- Buildable Square Feet: 5,000
Asset CRG Advisors played a pivotal role in successfully facilitating this sale, representing the Zadeh Family in the transaction. The advisors involved are Sadya Liberow and Natali Gil, who can be contacted for further inquiries regarding buying or selling properties.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.23%
Cash-on-Cash
-5.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93