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264 Butler Street

Updated Sep 8, 2025

Goose Property Management Acquires Development Site At 264 Butler Street In Brooklyn For $15.25M
SOLDDevelopment Site

Goose Property Management Acquires Development Site At 264 Butler Street In Brooklyn For $15.25M

264 Butler Street

$15,250,000

$242/SF

Building Size

63,000 SF

Asset Type

Development Site

Closing

Aug 18, 2025

About this deal

AI

The property asset involved in this transaction is a development site located at 264 Butler Street in Brooklyn. The transaction was completed for a total price of $15,250,000, with a building square footage of 63,000 and a price per building square foot of $242.

Summary of transaction details:

The deal was facilitated by the brokerage team of Ethan Stanton, Brendan Maddigan, Michael Mazzara, and Winfield Clifford, who represented the parties involved. The transaction showcases active participation from experienced brokers within JLL in navigating the sale of this development site in Brooklyn.

On the Map

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$15,250,000

$242/SF

Development Site

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Players

Brendan Maddigan

JLL

Broker

$5B

vol

134 deals

Broker
JLL
JLLBrokerage
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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $242 per square foot on a published $15.3M for 63,000 square feet (2025).

Visit Ethan Stanton to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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