Perry Tischler Purchases Development Site From Joseph Roubeni & Raymond Roubeni For $1.7M
430 432 Johnson Avenue
$1,700,000
$340/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Aug 25, 2025
AI
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
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93