Updated Sep 16, 2026
Laurent Diouf Purchases Development Site In Brooklyn From Richard E. Rafferty For $1.6M
211 13th Street
$1,600,000
$846/SF
Building Size
1,890 SF
Asset Type
Development Site
Closing
Sep 1, 2026
About this deal
AI
This development site is located at 211 13th Street in the Brooklyn market. The sale price for the property was $1,600,000, with a building square footage (BSF) of 3,426, resulting in a price per building square foot (PPBSF) of $467. The site encompasses a total square footage (SF) of 1,890, yielding a price per square foot (PPSF) of $846.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,600,000
- Building Square Footage: 3,426
- Price per Building Square Foot: $467
- Total Square Footage: 1,890
- Price per Square Foot: $846
- Buyer: Laurent Diouf
- Seller: Richard E. Rafferty
- Broker Representatives: Vito Angelo & Billy Apter - Re/Max
The buyer, Laurent Diouf, acquired the property from seller Richard E. Rafferty with the representation of brokers Vito Angelo and Billy Apter from Re/Max. Contact information for Vito Angelo is 7188875708 and for Billy Apter is 3477216599.
On the Map
$1,600,000
$846/SF
Development Site
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93