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124 2nd Street

Susan Wu Of ZD Jasper Realty Acquires Development Site In Brooklyn For $2,015,000
SOLDDevelopment Site

Susan Wu Of ZD Jasper Realty Acquires Development Site In Brooklyn For $2,015,000

124 2nd Street

$2,015,000

$839/SF

Building Size

2,400 SF

Asset Type

Development Site

Closing

Jun 23, 2026

AI

The development site located at 124 2nd Street in Brooklyn has been sold for $2,015,000. This site spans 6,400 buildable square feet, resulting in a price per buildable square foot of $314. The total square footage of the asset is 2,400, which equates to a price per square foot of $839.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,015,000
  • Address: 124 2nd Street
  • Market: Brooklyn
  • Buildable Square Feet: 6,400
  • Price Per Buildable Square Foot: $314
  • Total Square Feet: 2,400
  • Price Per Square Foot: $839
  • Buyer: Susan Wu
  • Seller: Francine Sarica
  • Seller's Representative: Janine Acquafredda - Re/Max
  • Buyer's Attorney: Lingjuan Liu - LLJ Law

Susan Wu, associated with ZD Jasper Realty, is starting her first independent project after gaining experience in her family's development business. This marks a significant milestone in her career as she transitions to managing her own projects.

Players

Janine Acquafredda

Re/Max

Broker
Broker

Susan Wu

Buyer

$16.5M

vol

2 deals

Buyer

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

7.87%

Cash-on-Cash

-2.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93