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258 Lott Avenue

Updated Feb 9, 2026

Lloyd Tracey Purchases Development Site At 258 Lott Avenue From Sabina Runa For $735,000
SOLDDevelopment Site

Lloyd Tracey Purchases Development Site At 258 Lott Avenue From Sabina Runa For $735,000

258 Lott Avenue

$735,000

$658/SF

Building Size

1,116 SF

Asset Type

Development Site

Closing

Jan 26, 2026

About this deal

AI

The transaction involves a development site located at 258 Lott Avenue in Brooklyn, which was sold for a total price of $735,000. The property encompasses a building square foot area of 8,400 and has a price per building square foot of $87. It also features a total square footage of 1,116 with a price per square foot of $658.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $735,000
  • Building Square Feet: 8,400
  • Price Per Building Square Foot: $87
  • Total Square Feet: 1,116
  • Price Per Square Foot: $658
  • Buyer: Lloyd Tracey
  • Seller: Sabina Runa
  • Seller's Representative: Maha Alaoui Hijazi - Landair Advisors

This deal was facilitated by Maha Alaoui Hijazi, representing the seller, Sabina Runa, through Landair Advisors. The transaction reflects a significant engagement in the Brooklyn development market, showcasing the collaborative efforts of the involved parties to complete this sale.

On the Map

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$735,000

$658/SF

Development Site

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Players

Maha Alaoui Hijazi

Landair Advisors

Broker

$2.8M

vol

2 deals

Broker
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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $658 per square foot on a published $735K for 1,116 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

21.58%

Cash-on-Cash

-6.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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