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Perry Tischler Purchases Development Site From Joseph Roubeni & Raymond Roubeni For $1.7M

Property Image
SOLD
$1,700,000

New York

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Development Site5,000 SF
Sold 08/26/2025
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Property Image
SOLD

Perry Tischler Purchases Development Site From Joseph Roubeni & Raymond Roubeni For $1.7M

430 432 Johnson Avenue

See Similar Deals
Development Site5,000 SF
Sold 08/26/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$340
Total Square Footage:5,000 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 430-432 Johnson Avenue in the Brooklyn market. The sale price for this property was $1,700,000, with a total building square footage of 10,000, resulting in a price per building square foot of $170. The site also has a total square footage of 5,000, with a price per square foot calculated at $340.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,700,000
  • Address: 430-432 Johnson Avenue
  • Market: Brooklyn
  • Building Square Footage: 10,000
  • Price per Building Square Foot: $170
  • Total Square Footage: 5,000
  • Price per Square Foot: $340
  • Buyer: Perry Tischler
  • Seller: Joseph Roubeni & Raymond Roubeni
  • Brokers: Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group

This real estate transaction involved Perry Tischler as the buyer, acquiring the property from sellers Joseph Roubeni and Raymond Roubeni. The brokerage firm facilitating the deal was Knickerbocker Realty Group, represented by Jacques Wadler and Vincent Lopez, ensuring the successful completion of this transaction.

Players

Jacques Wadler
11 deals$15.8M volume(718) 928-9908
BROKER

Vincent Lopez
Knickerbocker Realty Group
10 deals$15.8M volume(718) 385-3811
BROKER

Knickerbocker Realty Group
BROKERAGE

Details

SOLD
IMAGE: Vincent Lopez & Jacques Wadler DATE: 8/26/2025 ADDRESS: 430-432 Johnson Avenue MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Perry Tischler SELLER: Joseph Roubeni & Raymond Roubeni BROKERS: Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group (@KRGNYC) SALE PRICE: $1,700,000 BSF: 10,000 ~ PPBSF: $170 SF: 5,000 ~ PPSF: $340

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41