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6423 Fort Hamilton Parkway

Leeboy Group Acquires Development Site At 6423 Fort Hamilton Parkway For $10 Million
SOLDDevelopment Site

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

Brett Siegel

Newmark

Broker

$6.4B

vol

79 deals

Broker

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