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526 Fifth Avenue

Moses Rabinowitz Acquires Development Site At 526 Fifth Avenue Brooklyn For $1.53M
SOLDDevelopment Site

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

Jack Sardar

Tri State Commercial Realty

Broker

$57.5M

vol

23 deals

Broker

Moses Rabinowitz

Buyer

$10.8M

vol

5 deals

Buyer
AE
ASG EquitiesSeller

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

10.37%

Cash-on-Cash

-2.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93