Updated May 22, 2026
SOLDDevelopment Site
1229 57th Street
1229 57th Street
$13,500,000
$675/SF
Building Size
20,000 SF
Asset Type
Development Site
Closing
May 13, 2026
About this deal
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On the Map
$13,500,000
$675/SF
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93