Updated Sep 2, 2026
Joseph Daskal, Ari Daskal & Chesky Weber Acquire Development Site In Brooklyn For $19.83M
40 4th Avenue, 32 4th Avenue, 548 Pacific Street, 546 Pacific Street & 544 Pacific Street
$19,825,000
$8,260/SF
Building Size
2,400 SF
Asset Type
Development Site
Closing
Aug 19, 2026
About this deal
AI
The transaction involves a development site located at 40 4th Avenue, 32 4th Avenue, 548 Pacific Street, 546 Pacific Street, and 544 Pacific Street in Brooklyn. The sale price for the property was $19,825,000, covering a total built square footage of 86,500, which results in a price per built square foot of $229.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $19,825,000
- Address: 40 4th Avenue, 32 4th Avenue, 548 Pacific Street, 546 Pacific Street & 544 Pacific Street
- Market: Brooklyn
- BSF: 86,500
- PPBSF: $229
- Buyer: Joseph Daskal, Ari Daskal & Chesky Weber
- Seller: Ronald Bunn
- Broker: Abe Steinberg - Doorway NYC
The buyer consortium, composed of Joseph Daskal, Ari Daskal, and Chesky Weber, successfully acquired the property from seller Ronald Bunn, with representation in the transaction provided by broker Abe Steinberg from Doorway NYC.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93