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Ceasar Salama, Morris Sabbagh, Greg Dweck, Abraham Kassin Acquire Development Site In Bed-Stuy For $10M

Property Image
SOLD
$10,000,000
Abraham Kassin
Morris Sabbagh
Ceasar Salama

New York

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Development Site52,000 SF
Sold 12/02/2025
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Property Image
SOLD

Ceasar Salama, Morris Sabbagh, Greg Dweck, Abraham Kassin Acquire Development Site In Bed-Stuy For $10M

1280 Fulton Street

See Similar Deals
Development Site52,000 SF
Sold 12/02/2025
Abraham Kassin
Morris Sabbagh
Ceasar Salama
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$192
Total Square Footage:52,000 SF
Transaction Type:Sale

The development site located at 1280 Fulton Street in the Bed-Stuy market has been sold for a total of $10,000,000. The asset comprises a square footage of 52,000, resulting in a price per square foot of $192.

Summary of transaction details:

The transaction involved key individuals from KSR Development, notably Ceasar Salama, Morris Sabbagh, Greg Dweck, and Abraham Kassin, representing the buyer in this deal. The property's seller is the Mizrahi Family.

Players

Ceasar Salama
Ceasar Salama
31 deals$374.1M volume
BUYER
Morris Sabbagh
Morris Sabbagh
13 deals$197M volume
BUYER
Abraham Kassin
Abraham Kassin
13 deals$90.5M volume
BUYER

Details

SOLD
IMAGE: Ceasar Salama, Morris Sabbagh, Greg Dweck & Abraham Kassin DATE: 12/2/2025 ADDRESS: 1280 Fulton Street MARKET: Bed-Stuy ASSET TYPE: Development Site BUYER: Ceasar Salama (@C_Salama), Morris Sabbagh (@Mi_Sabbagh), Greg Dweck (@GDweck), Abraham Kassin (@AbrahamKassin) - KSR Development SELLER: Mizrahi Family SALE PRICE: $10,000,000 SF: 52,000 ~ PPSF: $192

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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