Updated Oct 15, 2026
Daniel Cohen Acquires Development Site At 642 Classon Avenue Brooklyn For $1.557M
642 Classon Avenue
$1,557,000
$853/SF
Building Size
1,824 SF
Asset Type
Development Site
Closing
Apr 6, 2025
About this deal
AI
The property asset involved in this transaction is a development site located at 642 Classon Avenue in the Brooklyn market. It sold for a price of $1,557,000, encompassing a buildable square footage (BSF) of 6,700 with a price per buildable square foot (PPBSF) of $232. The property has a total square footage (SF) of 1,824, with a price per square foot (PPSF) of $853.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,557,000
- Address: 642 Classon Avenue
- Market: Brooklyn
- BSF: 6,700
- PPBSF: $232
- SF: 1,824
- PPSF: $853
- Buyer: Daniel Cohen
- Seller: Camden Schwartz Place
The key individuals involved in this deal include buyer Daniel Cohen and seller Camden Schwartz Place. Additionally, Daniel Cohen is open to future investment opportunities and can be contacted to submit deals at [email protected].
On the Map
$1,557,000
$853/SF
Development Site
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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
10.19%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93