Rubin Isak Of Development Site Advisors Facilitates Sale Of Brooklyn Development Site For $1.9M
114 Adelphi Street
$1,900,000
Building Size
—
Asset Type
Development Site
Closing
May 13, 2026
AI
The asset involved in this transaction is a development site located at 114 Adelphi Street in Brooklyn. The sale price of the property was $1,900,000, with a total building square footage (BSF) of 5,000 and a price per building square foot (PPBSF) of $380.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Address: 114 Adelphi Street
- Market: Brooklyn
- BSF: 5,000
- PPBSF: $380
The broker representing the seller in this transaction was Rubin Isak from Development Site Advisors. He is noted for his expertise in development sites and air rights, encouraging other brokers to reach out to learn how Development Site Advisors® assists brokers with their transactions.
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93