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965 Bedford Avenue

Updated Nov 6, 2026

965 Bedford Avenue
SOLDDevelopment Site

965 Bedford Avenue

965 Bedford Avenue

$4,350,000

$435/SF

Building Size

10,000 SF

Asset Type

Development Site

Closing

Oct 28, 2026

About this deal

AI

The property involved in this transaction is a development site located at 965 Bedford Avenue in Brooklyn. The sale price of the asset was $4,350,000. It has a building square footage (BSF) of 21,500, with a price per building square foot (PPBSF) of $202. Additionally, the site has a total square footage (SF) of 10,000, and a price per square foot (PPSF) of $435.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,350,000
  • BSF: 21,500
  • PPBSF: $202
  • SF: 10,000
  • PPSF: $435
  • Buyer: Barry Shor & Jacob Scherman - Homeland Property Group
  • Seller: Universal Outreach
  • Date of Sale: 10/28/2026

Barry Shor and Jacob Scherman, representing Homeland Property Group, are the buyers of the 965 Bedford Avenue site. Universal Outreach served as the seller in this transaction. The buyers have noted that the acquisition includes a mixed-use residential and commercial development site with 21,500 square feet buildable. For more information or to discuss new opportunities, interested parties can reach out to Jacob Scherman or Barry Shor.

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$4,350,000

$435/SF

Development Site

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Players

Barry Shor

HomeLand Property Group

Buyer

$13.5M

vol

3 deals

Buyer
UO
Universal OutreachSeller
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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $435 per square foot on a published $4.4M for 10,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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