Updated Jun 24, 2026
Joseph Banda And Abe Gluck Acquire Development Site In Brooklyn For $10.5M With Chris Halliburton
1084 Pacific Street
$10,500,000
$2,065/SF
Building Size
5,084 SF
Asset Type
Development Site
Closing
Apr 27, 2026
About this deal
AI
The property involved in this transaction is a development site located at 1084 Pacific Street in the Brooklyn market. The site was sold for a price of $10,500,000, with a building square footage (BSF) of 55,000, resulting in a price per building square foot (PPBSF) of $190. The site also has a total square footage (SF) of 5,084, leading to a price per square foot (PPSF) of $2,065.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Buyer: Joseph Banda & Abe Gluck
- Seller: Renaye Cuyler
- Broker: Chris Halliburton - Compass
The transaction saw Joseph Banda and Abe Gluck as the buyers, acquiring the site from seller Renaye Cuyler. The broker facilitating the deal was Chris Halliburton from Compass, representing the interests of the parties involved in this transaction.
On the Map
$10,500,000
$2,065/SF
Development Site
View full map
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Chris Halliburton to view all their deals.
Browse Brooklyn development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93