Updated Jun 30, 2026
Mendel Fleischman Acquires Development Site At 441 Willoughby Avenue In Brooklyn For $5.9M
441 Willoughby Avenue
$5,900,000
Building Size
—
Asset Type
Development Site
Closing
Jun 10, 2026
About this deal
AI
A development site located at 441 Willoughby Avenue in Brooklyn has been sold. The property, measuring 12,377 buildable square feet, was purchased for $5,900,000, translating to approximately $477 per buildable square foot.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,900,000
- Buyer: Mendel Fleischman
- Seller: United Grand Chapter Order of Eastern Star
- Buildable Square Feet: 12,377
- Price Per Buildable Square Foot: $477
- Market: Brooklyn
Mendel Fleischman has acquired the property from the United Grand Chapter Order of Eastern Star, indicating a transaction that reflects the ongoing activity in the Brooklyn real estate market.
On the Map
$5,900,000
Development Site
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Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93