Moses Rabinowitz Acquires Development Site At 526 Fifth Avenue Brooklyn For $1.53M
526 Fifth Avenue
$1,530,000
$765/SF
Building Size
2,000 SF
Asset Type
Development Site
Closing
Nov 5, 2025
AI
The asset involved in this transaction is a development site located at 526 Fifth Avenue in Brooklyn. The sale price was $1,530,000, covering a total square footage of 2,000, resulting in a price per square foot of $765.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,530,000
- Address: 526 Fifth Avenue
- Market: Brooklyn
- Square Footage: 2,000
- Price Per Square Foot: $765
- Buyer: Moses Rabinowitz
- Seller: ASG Equities
- Broker: Jack Sardar - Tri State Commercial Realty
The key individuals involved in this transaction include buyer Moses Rabinowitz, who has acquired the property from seller ASG Equities, with the brokerage representation provided by Jack Sardar from Tri State Commercial Realty, who facilitated the transaction.
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
10.37%
Cash-on-Cash
-2.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93