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114 Adelphi Street

Rubin Isak Of Development Site Advisors Facilitates Sale Of Brooklyn Development Site For $1.9M
SOLDDevelopment Site

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.

Players

Rubin Isak
Verified Badge

Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93