Updated Jul 17, 2026
Zelig Weiss Purchases Development Site At 604 Union Street In Gowanus For $11 Million
604 Union Street
$11,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 8, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 604 Union Street in the Gowanus market. The sale price was $11,000,000, and the total building square footage (BSF) is 41,406, resulting in a price per building square foot (PPBSF) of $265.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 604 Union Street
- Market: Gowanus
- Total Building Square Footage: 41,406
- Price Per Building Square Foot: $265
- Buyer: Zelig Weiss
- Seller: Simon Vays
- Broker Representatives: Sean R. Kelly, Esq., Nicole Daniggelis & Stephen Vorvolakos - Ariel Property Advisors
The deal was facilitated by brokerage experts who maintain longstanding relationships with both local and institutional investors, helping to successfully execute transactions across various development opportunities.
On the Map
$11,000,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93