Updated Sep 26, 2025
Shiraz Sanjna Acquires Development Site In Brooklyn For $3.66M With Buyer's Representative Qais Shawabkeh
436 97th Street
$3,660,000
$288/SF
Building Size
12,690 SF
Asset Type
Development Site
Closing
Sep 11, 2025
About this deal
AI
This development site located at 436 97th Street in Brooklyn has been sold for $3,660,000. The property spans 12,690 square feet, translating to a price per square foot of $288.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,660,000
- Address: 436 97th Street
- Market: Brooklyn
- Square Footage: 12,690
- Price Per Square Foot: $288
- Buyer: Shiraz Sanjna
- Seller: Dominic J. Famulari
- Buyer's Representative: Qais Shawabkeh - Deera Realty Group
Deera Realty Group, represented by Qais Shawabkeh, successfully managed this transaction after six years of dedication. The firm specializes in foreclosed, auction, and off-market properties, aiming to help clients unlock opportunities and maximize value.
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
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93