facebook
Traded Co logo
Submit

Joseph Mendeliwotz Acquires Development Site At 1259 Saint Marks Avenue For $1.8M

Property Image
SOLD
$1,800,000
Anand Melwani
Patrick Dugan
+ 1

New York

See Similar Deals
Development Site
Sold 02/07/2025
the dealplayerscompscontact
Property Image
SOLD

Joseph Mendeliwotz Acquires Development Site At 1259 Saint Marks Avenue For $1.8M

1259 Saint Marks Avenue

See Similar Deals
Development Site
Sold 02/07/2025
Anand Melwani
Patrick Dugan
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The asset involved in this transaction is a development site located at 1259 Saint Marks Avenue in Brooklyn. The sale price for this property was $1,800,000, with a total building square footage of 14,053, resulting in a price per building square foot of $128.

Summary of transaction details:

This transaction featured key representatives from both sides, with Patrick Dugan acting on behalf of the buyer, Joseph Mendeliwotz, while the seller, Basdeo Ganness, was represented by Alexandre Goulet, Dean Abouelhassan, and Anand Melwani from Landair Property Advisors, highlighting a collaborative effort in the sale process.

Players

Alexandre (Alex) Goulet
45 deals$163.2M volume
BROKER

Anand Melwani
Landair Advisors
41 deals$168.7M volume(516) 658-1222
BROKER

Patrick Dugan
Dusk Group
2 deals$7.8M volume(908) 635-6257
BROKER

Dean Abouelhassan
Landair Advisors
11 deals$44.8M volume(516) 532-5385
BROKER

Details

SOLD
IMAGE: Alexandre Goulet, Dean Abouelhassan, Anand Melwani & Patrick Dugan DATE: 02/07/2025 ADDRESS: 1259 Saint Marks Avenue MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Joseph Mendeliwotz SELLER: Basdeo Ganness BUYER'S REP: Patrick Dugan - Dusk Group (@Dusk.RE) SELLER'S REP: Alexandre Goulet, Dean Abouelhassan (@LongIslandCRE) & Anand Melwani (@ArmYourself21) - Landair Property Advisors (@LandairPropertyAdvisors) SALE PRICE: $1,800,000 BSF: 14,053 ~ PPBSF: $128

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02