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177 South 4th Street

Updated Sep 9, 2026

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The Neighborhood Acquires Mixed-Use Property In Brooklyn From Rosina Spector For Lease-to-Own Transaction
SOLDMixed-use

The Neighborhood Acquires Mixed-Use Property In Brooklyn From Rosina Spector For Lease-to-Own Transaction

177 South 4th Street

Building Size

17,860 SF

Asset Type

Mixed-use

Closing

Aug 4, 2026

About this deal

AI

The property at 177 South 4th Street, located in the Brooklyn market, consists of a mixed-use asset featuring one commercial unit with a total square footage of 17,860. This closed transaction involved a lease-to-own arrangement with The Neighborhood, a nonprofit organization aimed at converting the property into a Jewish Community Center.

Summary of transaction details:

The deal was notable for its complexity, encompassing a lengthy transaction process involving four law firms, title, architects, and environmental consultants. The transaction included a 30-year lease structure with a staggered purchase price and a significant option fee paid upfront. The buyer's representative, Daniel Lebor, highlighted the collaborative effort required to navigate prior legal challenges associated with the property.

Players

Daniel Lebor

Terra CRG

Broker

$1.1B

vol

55 deals

Broker
Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$233.2M

vol

32 deals

Broker
TD
The Neighborhood DevelopersBuyer

Rosina Spector

Seller

1 deal

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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