Updated Feb 9, 2026
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
$735,000
$658/SF
Development Site
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Brooklyn Development Site Market Snapshot
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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