Updated Jul 22, 2026
Hizar Mojahed Of Mojahed Group Acquires Development Site In Brooklyn For $1,000,000
$1,000,000
$227/SF
Building Size
4,400 SF
Asset Type
Development Site
Closing
Jul 9, 2026
About this deal
AI
This transaction involved a development site located in Brooklyn with a sale price of $1,000,000. The total building square footage is 4,400, which results in a price per building square foot of $227. The price per square foot is also $227, reflecting the same valuation metric as the building square footage.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Hizar Mojahed - Mojahed Group
- Seller: Kurt Barns
- Building Square Footage: 4,400
- Price per Building Square Foot: $227
- Price per Square Foot: $227
The buyer, Hizar Mojahed of Mojahed Group, is actively acquiring boutique development sites, indicating a focused interest in specific market segments. Kurt Barns represents the selling party in this transaction.
Players
Market 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93