Updated Aug 5, 2026
YS Developers & Rabsky Group Acquire Development Site In Brooklyn For $23.5M
1150 Broadway
$23,500,000
$175/SF
Building Size
133,917 SF
Asset Type
Development Site
Closing
Jul 31, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 1150 Broadway in Brooklyn. The property has a sale price of $23,500,000 and encompasses a total square footage of 133,917, equating to a price per square foot of $175.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $23,500,000
- Buyer: YS Developers & Rabsky Group
- Seller: A-PLUS International Realty
- Brokers: Brendan Maddigan, Steven Rutman, Michael Mazzara & Ethan Stanton - JLL
The brokerage team representing this transaction includes Brendan Maddigan, Steven Rutman, Michael Mazzara, and Ethan Stanton from JLL, facilitating the negotiations between the buyer and seller.
On the Map
$23,500,000
$175/SF
Development Site
View full map
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93