Updated Nov 12, 2026
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.
On the Map
$1,250,000
$781/SF
Development Site
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93