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308-312 Halsey Street Brook...

Updated Sep 11, 2026

Bilt advertisement
SOLDDevelopment Site

Rafael Reihanian Buys Development Site From Lisa Parvin On Halsey Street For $3.4M

308-312 Halsey Street Brooklyn Ny 11216

$3,400,000

$566/SF

Building Size

6,000 SF

Asset Type

Development Site

Closing

Sep 1, 2026

About this deal

AI

The property asset involved in this transaction is a development site located at 308-312 Halsey Street in Brooklyn. The sale price of the property was $3,400,000, with a building square footage of 12,600 and a price per building square foot of $269. The total square footage is 6,000, resulting in a price per square foot of $566.

Summary of transaction details:

The key individuals involved in the deal are Rafael Reihanian, who is the buyer, and Lisa Parvin, the seller. The brokerage team from Bridge Advisory Group is represented by Jason Farese and Joshua Malekan, both of whom are focused on strategic growth in a competitive market. Notably, there is an emphasis on attracting experienced brokers to join the firm.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$156.1M

vol

47 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $566 per square foot on a published $3.4M for 6,000 square feet (2026).

Visit Jason Farese to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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