Appleton Family Sells Development Site At 863 Dean Street Brooklyn For $16 Million
863 Dean Street
$16,000,000
$969/SF
Building Size
16,500 SF
Asset Type
Development Site
Closing
Apr 13, 2026
AI
The property involved in this transaction is a development site located at 863 Dean Street in Brooklyn. The asset was sold for a total price of $16,000,000. It has a zoning designation of R6A and M1-2A, with a buildable square footage (BSF) range of 64,350 to 82,500.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Address: 863 Dean Street
- Market: Brooklyn
- Zoning: R6A, M1-2A
- BSF Range: 64,350 - 82,500
- Seller: Appleton Family
- Broker: Matt Fotis - Marcus & Millichap
Matt Fotis served as the broker representing the seller, the Appleton Family, in this closed property transaction. His affiliation with Marcus & Millichap facilitated the sale process for the development site.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93