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
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