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MCB Real Estate & Osiris Ventures Acquire Development Site At 458 86th Street For $47.5M

Property Image
SOLD
$47,500,000
Ethan Stanton
Jeffrey (Jeff) Julien
Brendan Maddigan
+ 1

New York

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Development Site110,000 SF
Sold 07/31/2025
the dealplayerscompscontact
Property Image
SOLD

MCB Real Estate & Osiris Ventures Acquire Development Site At 458 86th Street For $47.5M

458 86th Street

See Similar Deals
Development Site110,000 SF
Sold 07/31/2025
Ethan Stanton
Jeffrey (Jeff) Julien
Brendan Maddigan
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$431
Total Square Footage:110,000 SF
Transaction Type:Sale

The development site located at 458 86th Street in Brooklyn has been sold for a sum of $47,500,000. The asset spans a total area of 110,000 square feet, resulting in a price per square foot of $431.

Summary of transaction details:

This transaction involved MCB Real Estate and Osiris Ventures acquiring the property from ASG Equities, facilitated by the brokerage team from JLL. The involvement of multiple brokers highlights the collaborative efforts in managing the deal effectively.

Players

Brendan Maddigan
JLL
Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
133 deals$6.1B volume(516) 790-7718
BROKER
Jeffrey (Jeff) Julien
JLL
Jeffrey Julien
58 deals$9B volume
BROKER
Michael Mazzara
JLL
Michael Mazzara
111 deals$3.9B volume(212) 376-5450
BROKER
JLL
JLL
BROKERAGE
OV
Osiris Ventures
BUYER
AE
ASG Equities
SELLER

Details

SOLD
IMAGE: Brendan Maddigan, Ethan Stanton, Jeffrey Julien & Michael Mazzara DATE: 7/31/2025 ADDRESS: 458 86th Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: MCB Real Estate & Osiris Ventures SELLER: ASG Equities BROKERS: Ethan Stanton, Jeffrey (Jeff) Julien, Michael Mazzara & Brendan Maddigan - JLL (@JLL) SALE PRICE: $47,500,000 SF: 110,000 ~ PPSF: $431

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$168,757.48
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