Updated Oct 23, 2026
1283 Saint Marks Avenue
1283 Saint Marks Avenue
$1,100,000
$440/SF
Building Size
2,500 SF
Asset Type
Development Site
Closing
Oct 8, 2026
About this deal
AI
The development site located at 1283 Saint Marks Avenue in Brooklyn was sold for $1,100,000. The total building square footage is 2,500, resulting in a price per square foot of $440. The site encompasses a building size of 8,558 square feet with a price per buildable square foot of $128.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,100,000
- Building Square Footage: 8,558
- Price Per Buildable Square Foot: $128
- Building Size: 2,500
- Price Per Square Foot: $440
- Buyer: Lipa Berger
- Seller: Joseph Quash
- Buyer's Representative: Alexandre Goulet - Landair Advisors
- Seller's Representative: Maha Alaoui Hijazi - Landair Advisors
The transaction involved key individuals from Landair Advisors, with Alexandre Goulet representing the buyer, Lipa Berger, and Maha Alaoui Hijazi representing the seller, Joseph Quash. Both representatives played crucial roles in facilitating the sale of the property between the involved parties.
On the Map
$1,100,000
$440/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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93