Updated Sep 11, 2026
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:
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Buyer: Rafael Reihanian
- Seller: Lisa Parvin
- Broker Representatives: Jason Farese & Joshua Malekan - Bridge Advisory Group
- BSF: 12,600
- PPBSF: $269
- SF: 6,000
- PPSF: $566
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
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93