Updated Feb 6, 2026
Salvation Church Of God Acquires Development Site In Brooklyn From The Vona Family For $20.575M
6065 Strickland Avenue
$20,575,000
$175/SF
Building Size
117,345 SF
Asset Type
Development Site
Closing
Jan 14, 2026
About this deal
AI
The development site located at 6065 Strickland Avenue in Brooklyn has been sold for a price of $20,575,000. The asset encompasses a total of 117,345 square feet, resulting in a price per square foot of $175.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,575,000
- Building Square Feet: 117,345
- Price per Building Square Foot: $175
- Seller: The Vona Family
- Buyer: Salvation Church of God
- Brokers: Michael Mazzara, Ethan Stanton, Brendan Maddigan, Joseph Lopresti, Kyle Crennan - JLL; Christopher Cavorti, Michael Laurent - The Corcoran Group
The brokers involved in the transaction represent the buyer and seller, with JLL representing The Vona Family and the Corcoran Group representing Salvation Church of God in this deal.
On the Map
$20,575,000
$175/SF
Development Site
View full map
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Christopher (Chris) Cavorti to view all their deals.
Browse Brooklyn development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93