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1268 Prospect Avenue

Updated Nov 12, 2026

1268 Prospect Avenue
SOLDDevelopment Site

1268 Prospect Avenue

1268 Prospect Avenue

$1,250,000

$781/SF

Building Size

1,600 SF

Asset Type

Development Site

Closing

Oct 28, 2026

About this deal

AI

The property asset involved in the transaction is a development site located at 1268 Prospect Avenue in Brooklyn. The sale price for the asset was $1,250,000, with a building size factor (BSF) of 1,600 and a price per building square foot (PPBSF) of $781. The total square footage (SF) also measures 1,600, equating to a price per square foot (PPSF) of $781.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,250,000
  • Address: 1268 Prospect Avenue
  • Market: Brooklyn
  • Building Size Factor (BSF): 1,600
  • Price per Building Square Foot (PPBSF): $781
  • Total Square Footage (SF): 1,600
  • Price per Square Foot (PPSF): $781
  • Buyer: Mark Martov
  • Seller: John Michael
  • Brokers: Vito Angelo & Billy Apter - Re/Max
  • Date of Sale: 10/28/2026

The key individuals involved in the deal are buyer Mark Martov and seller John Michael. The transaction was facilitated by brokers Vito Angelo and Billy Apter, who represent the parties in this sale. Vito Angelo can be contacted at 718-887-5708, and Billy Apter at 347-721-6599.

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$1,250,000

$781/SF

Development Site

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Players

Vito Angelo

Re/Max

Broker

$99.8M

vol

49 deals

Broker
Mark Martov

Mark Martov

Buyer

$40.6M

vol

11 deals

Buyer

John Michael Cornell

Seller

$4.6M

vol

2 deals

Seller
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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $781 per square foot on a published $1.3M for 1,600 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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