Ceasar Salama, Morris Sabbagh, Greg Dweck, Abraham Kassin Acquire Development Site In Bed-Stuy For $10M
1280 Fulton Street
$10,000,000
$192/SF
Building Size
52,000 SF
Asset Type
Development Site
Closing
Dec 1, 2025
AI
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:
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Square Footage: 52,000
- Price Per Square Foot: $192
- Buyer: Ceasar Salama, Morris Sabbagh, Greg Dweck, Abraham Kassin - KSR Development
- Seller: Mizrahi Family
- Date of Transaction: 12/2/2025
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
Brooklyn 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93