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Development Site Sold For $8.5 Million In Brooklyn With Brokers Ben Khakshoor And Eli Shayestehpour
SOLDDevelopment Site

Development Site Sold For $8.5 Million In Brooklyn With Brokers Ben Khakshoor And Eli Shayestehpour

$8,500,000

$1,962/SF

Building Size

4,332 SF

Asset Type

Development Site

Closing

Jan 5, 2026

AI

This transaction involves a development site in Brooklyn, sold for a total transaction amount of $8,500,000. The property encompasses 148,702 buildable square feet (BSF), resulting in a price per buildable square foot (PPBSF) of $57. The total square footage (SF) of the site is 4,332, with a price per square foot (PPSF) of $1,962.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,500,000
  • BSF: 148,702
  • PPBSF: $57
  • SF: 4,332
  • PPSF: $1,962

The brokers involved in this deal are Ben Khakshoor and Eli Shayestehpour from Rosewood Realty Group, along with Joshua Pomerantz and Eli Soleimani from SP Capital Group, representing the buyers and sellers in the transaction.

Players

Ben Khakshoor

Rosewood Realty Group

Broker

$1.9B

vol

135 deals

Broker

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93