Updated Oct 22, 2025
Benjamin Tsadyk & Yossi Zarfati Buy Development Site In Brooklyn For $6.65M
419 Dean Street
$6,650,000
$1,330/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Oct 15, 2025
About this deal
AI
The property asset involved in the transaction is a development site located at 419 Dean Street in Brooklyn. The sale price for the property was $6,650,000, with a buildable square footage of 16,800, resulting in a price per buildable square foot of $395. The total square footage of the site is 5,000, which translates to a price per square foot of $1,330.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $6,650,000
- Address: 419 Dean Street
- Market: Brooklyn
- Buildable Square Footage: 16,800
- Price per Buildable Square Foot: $395
- Total Square Footage: 5,000
- Price per Square Foot: $1,330
- Buyer: Benjamin Tsadyk & Yossi Zarfati
- Seller: Shlomi Avdoo
Benjamin Tsadyk and Yossi Zarfati are the buyers involved in the deal, with intentions to develop the property into a collection of 11 luxury condominiums. Shlomi Avdoo served as the seller in this transaction.
On the Map
$6,650,000
$1,330/SF
Development Site
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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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93