Updated Aug 17, 2026
Moshe Wosner Purchases Development Site At 1248 50th Street In Borough Park For $3.8M
1248 50th Street
$3,800,000
Building Size
—
Asset Type
Development Site
Closing
Jul 28, 2026
About this deal
AI
A 4,007-square-foot development site located at 1248 50th Street in Borough Park, Brooklyn, has been sold for $3,800,000. The buyer, Moshe Wosner, has plans to develop a four-unit residential building with a total area of 8,637 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Address: 1248 50th Street
- Market: Borough Park, Brooklyn
- Building Square Footage: 4,007
- Price Per Building Square Foot: $948
In this transaction, Moshe Wosner was represented by 1248 BSD LLC, facilitating the acquisition of the development site for the proposed residential project.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93