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Avishy Fisher Acquires Development Site In Prospect Heights Brooklyn For $33 Million From Nadine Oelsner
SOLD
$33,000,000
New York
See Similar DealsDevelopment Site
Sold 04/14/2026
SOLD
Avishy Fisher Acquires Development Site In Prospect Heights Brooklyn For $33 Million From Nadine Oelsner
962 Pacific Street
See Similar DealsDevelopment Site
Sold 04/14/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site has been sold in Prospect Heights, Brooklyn, located at 962 Pacific Street. The property was sold for $33 million, marking a significant transaction in the local real estate market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $33,000,000
- Buyer: Avishy Fisher
- Seller: Nadine Oelsner
- Transaction Date: April 14, 2026
This transaction involved the buyer Avishy Fisher and the seller Nadine Oelsner, who managed the deal effectively to facilitate the sale of the development site.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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