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
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