Updated Nov 2, 2026
87 Havemeyer Street
87 Havemeyer Street
$13,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 26, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 87 Havemeyer Street in Brooklyn, which was sold for $13 million. This site is cleared for new residential development, making it a notable investment within the Williamsburg area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $13,000,000
- Buyer: 87 Havenmeyer Street LLC
- Seller: Jill Pescatore - Worth Property Group
- Transaction Date: October 26, 2026
Jill Pescatore, representing Worth Property Group, was involved in the completion of the sale, successfully transferring control of the property to local buyers. This transaction marks a significant move within the Brooklyn development market.
On the Map
$13,000,000
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93