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Herman Jacobs Acquires Development Site In Brooklyn For $1.625M With Buyer's Rep Nathaniel Smith

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SOLD
$1,625,000

New York

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Development Site2,500 SF
Sold 12/03/2025
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Property Image
SOLD

Herman Jacobs Acquires Development Site In Brooklyn For $1.625M With Buyer's Rep Nathaniel Smith

36 Troutman Street

See Similar Deals
Development Site2,500 SF
Sold 12/03/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$650
Total Square Footage:2,500 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 36 Troutman Street, Brooklyn. The sale price for this asset was $1,625,000, with a building square footage (BSF) of 10,000 and a price per building square foot (PPBSF) of $162. The site also has a total square footage (SF) of 2,500 with a price per square foot (PPSF) of $650.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,625,000
  • Buyer: Herman Jacobs
  • Buyer’s Representative: Nathaniel Smith - FIND Real Estate
  • Seller’s Representative: Daniel Mahgerefteh - Oxford Property Group
  • BSF: 10,000
  • PPBSF: $162
  • SF: 2,500
  • PPSF: $650

The deal was facilitated by Nathaniel Smith representing the buyer, ensuring the successful acquisition of the property, while Daniel Mahgerefteh represented the seller in the transaction. Their combined expertise contributed significantly to the closing of this property deal.

Players

Nathaniel Smith
13 deals$35.1M volume(516) 650-8549
BROKER

Daniel (Dan Mahg) Mahgerefteh
Oxford Property Group
3 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Nathaniel Smith & Daniel Mahgerefteh DATE: 12/3/2025 ADDRESS: 36 Troutman Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Herman Jacobs BUYER'S REP: Nathaniel Smith (@TeamCRENY) - FIND Real Estate SELLER'S REP: Daniel Mahgerefteh (@DanMahgg) - Oxford Property Group SALE PRICE: $1,625,000 BSF: 10,000 ~ PPBSF: $162 SF: 2,500 ~ PPSF: $650 NOTE FROM BROKER: We specialize in sourcing and structuring off-market commercial real estate opportunities, with a focus on leveraged, yield-driven transactions designed to maximize cash flow and long-term value. Our platform provides investors access to exclusive assets that are not publicly listed, enabling strategic advantages, stronger negotiating positions, and above-market potential returns. We operate across multiple asset classes—including multifamily, mixed-use, industrial, retail, and development sites—delivering tailored deal flow that aligns with each client’s specific investment criteria. Our team is dedicated to identifying, underwriting, and executing off-market commercial real estate acquisitions, emphasizing leveraged cash-flowing investments and value-add potential. We maintain a deep network of property owners, developers, lenders, and private sellers, allowing us to deliver exclusive deal flow well ahead of the broader market. By combining rigorous financial analysis, creative capital structuring, and real-time market intelligence, we provide investors with opportunities that enhance portfolio performance and generate durable, risk-adjusted returns. Our scope spans multifamily, retail, industrial, hospitality, and specialty asset types nationally. Text us: 516-650-8549

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