Leeboy Group Acquires Development Site At 6423 Fort Hamilton Parkway For $10 Million
6423 Fort Hamilton Parkway
$10,000,000
$1,052/SF
Building Size
9,500 SF
Asset Type
Development Site
Closing
Feb 6, 2026
AI
The property involved in this transaction is a development site located at 6423 Fort Hamilton Parkway, in Borough Park. The asset has a sale price of $10,000,000, a building square footage (BSF) of 29,886, and a price per building square foot (PPBSF) of $334. In terms of total square footage (SF), the property measures 9,500, with a price per square foot (PPSF) of $1,052.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Address: 6423 Fort Hamilton Parkway
- Market: Borough Park
- Building Square Footage: 29,886
- Price per Building Square Foot: $334
- Total Square Footage: 9,500
- Price per Square Foot: $1,052
- Buyer: Leeboy Group
- Seller: John Calabria
- Broker Representatives: Daniel O'Brien, Caroline Hodes, Peter Shimkin, Henry Hill, Loren Valla & Brett Siegel - Newmark
The transaction was facilitated by a team of brokers from Newmark, including Daniel O'Brien, Caroline Hodes, Peter Shimkin, Henry Hill, Loren Valla, and Brett Siegel, who represented both the buyer, Leeboy Group, and the seller, John Calabria, during the sale process.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93