Updated Apr 22, 2026
Quinlan Development Group Purchases Development Site From Gotham Organization For $22 Million
130 Saint Felix Street
$22,000,000
$152/SF
Building Size
144,717 SF
Asset Type
Development Site
Closing
Apr 7, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 130 Saint Felix Street in the Fort Greene market. The site was transacted for a price of $22,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Buyer: Quinlan Development Group
- Seller: Gotham Organization
- Brokers: Daniel O'Brien, Caroline Hodes, Henry Hill & Loren Valla - Newmark
- Date of Transaction: 4/8/2026
The transaction involved key representatives from Newmark, with Daniel O'Brien, Caroline Hodes, Henry Hill, and Loren Valla serving as brokers throughout the process, facilitating the deal between Quinlan Development Group and Gotham Organization.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93