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Nhun Yabiz Acquires Development Site At 21 Richardson Street From Estate Of Sam Sanseverino For $2.2M

Property Image
SOLD
$2,200,000

New York

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Development Site3,000 SF
Sold 12/23/2025
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Property Image
SOLD

Nhun Yabiz Acquires Development Site At 21 Richardson Street From Estate Of Sam Sanseverino For $2.2M

21 Richardson Street

See Similar Deals
Development Site3,000 SF
Sold 12/23/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$733
Total Square Footage:3,000 SF
Transaction Type:Sale

The transaction involved a development site located at 21 Richardson Street in Brooklyn. The sale price for the asset was $2,200,000, with a building square footage of 5,000 and a price per building square foot of $440. Additionally, the site has a total square footage of 3,000, amounting to a price per square foot of $733.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $2,200,000
  • Buyer: Nhun Yabiz
  • Seller: Estate of Sam Sanseverino
  • Broker: Jeff Valcourt - Compass
  • Building Square Footage: 5,000
  • Price Per Building Square Foot: $440
  • Total Square Footage: 3,000
  • Price Per Square Foot: $733

The transaction was facilitated off-market for the purchaser via a 1031 exchange, highlighting the strategic approach taken in securing this prime Williamsburg location.

Players

Jeff Valcourt
Compass
Jeff Valcourt
6 deals$13.9M volume(917) 244-5321
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: Jeff Valcourt DATE: 12/23/2025 ADDRESS: 21 Richardson Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Nhun Yabiz SELLER: Estate of Sam Sanseverino BROKER: Jeff Valcourt (@JeffValcourt) - Compass (@Compass) SALE PRICE: $2,200,000 BSF: 5,000 ~ PPBSF: $440 SF: 3,000 ~ PPSF: $733 NOTE FROM BROKER: Prime Williamsburg location; transaction facilitated off-market for the purchaser via a 1031 exchange.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
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