Updated Apr 5, 2026
Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M
$1,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 27, 2026
About this deal
AI
A development site located in Brooklyn has been sold for $1,000,000, covering a building square footage of 4,664. The price per building square foot is $214, with Wells Fargo Bank as the seller.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Hizar Mojahed
- Seller: Wells Fargo Bank
- BSF: 4,664
- PPBSF: $214
Hizar Mojahed represents the Mojahed Group, which is actively acquiring boutique development sites. Opportunities can be sent to [email protected].
Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M is logged as a development site sale on Traded (2026). Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M is classified as Development Site on Traded. Named participants on the Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M sale are Hizar Mojahed. This page is the market file for the Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M development site sold: pricing, party profiles, and other closed development site comps from the same area sit in the Market section below. Cite this Hizar Mojahed Acquires Development Site From Wells Fargo Bank In Brooklyn For $1M sale when underwriting similar development site product.
Players
Market Development Site Market Snapshot
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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