Jack Waldman Purchases Development Site From Lipsitz Family For $6 Million In Brooklyn
32 4th Avenue
$6,000,000
$833/SF
Building Size
7,200 SF
Asset Type
Development Site
Closing
Dec 10, 2025
AI
The property involved in this transaction is a development site located at 32 4th Avenue in Brooklyn. The sale price of the asset was $6,000,000, with a total square footage of 7,200 and a price per square foot of $833.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 32 4th Avenue
- Market: Brooklyn
- Square Footage: 7,200
- Price per Square Foot: $833
- Buyer: Jack Waldman
- Seller: Lipsitz Family
- Broker: Elli Khafizov - Atlas Realty Group
Jack Waldman acted as the buyer in this transaction, while the seller was identified as Lipsitz Family. The brokerage for the deal was represented by Elli Khafizov from Atlas Realty Group, who facilitated the transaction between the two parties.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93