facebook
Traded Co logo
Submit

Ceasar Salama Of KSR Development & Mortar Group Acquires Development In Brooklyn Heights For $6.05M

Property Image
SOLD
$6,050,000
Andrew Manasia
Ceasar Salama
+ 1

New York

See Similar Deals
MultiFamily6,700 SF
Sold 01/07/2026
the dealplayerscompscontact
Property Image
SOLD

Ceasar Salama Of KSR Development & Mortar Group Acquires Development In Brooklyn Heights For $6.05M

103 Joralemon Street

See Similar Deals
MultiFamily6,700 SF
Sold 01/07/2026
Andrew Manasia
Ceasar Salama
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$903
Total Square Footage:6,700 SF
Transaction Type:Sale

The property involved in this transaction is a development asset located at 103 Joralemon Street in the Brooklyn Heights market. The sale was completed for a price of $6,050,000. The asset comprises 5 units, resulting in a price per unit of $1,210,000. It offers a total square footage of 6,700, translating to a price per square foot of $903.

Summary of transaction details:

  • Property Type: Development
  • Transaction Amount: $6,050,000
  • Units: 5
  • Price Per Unit: $1,210,000
  • Square Footage: 6,700
  • Price Per Square Foot: $903
  • Buyer: Ceasar Salama - KSR Development & Mortar Group
  • Brokers: Andrew Manasia, Remi Norris & Thomas Horrigan - Terra CRG

Ceasar Salama represented KSR Development and Mortar Group in this acquisition. The deal was facilitated by the brokerage team of Andrew Manasia, Remi Norris, and Thomas Horrigan, all of whom are affiliated with Terra CRG.

Players

Remi Norris
45 deals$138.4M volume(646) 427-2290
BROKER

Andrew Manasia
Terra CRG
16 deals$99.7M volume
BROKER

Thomas (Tom) Horrigan
Terra CRG
4 deals$16M volume(718) 395-1877
BROKER

Kassin Sabbagh Realty
BROKERAGE

Terra CRG
BROKERAGE

Ceasar Salama
Kassin Sabbagh Realty
31 deals$374.1M volume
BUYER

Details

SOLD
IMAGE: Thomas Horrigan, Andrew Manasia & Remi Norris DATE: 1/7/2026 ADDRESS: 103 Joralemon Street MARKET: Brooklyn Heights ASSET TYPE: Development BUYER: Ceasar Salama (@C_Salama) - KSR Development (@Kassin_Sabbagh_Realty) & Mortar Group (@MortarGroup) BROKERS: Andrew Manasia (@AManasia_CRE), Remi Norris (@RemiCRE) & Thomas Horrigan - Terra CRG (@TerraCRG) SALE PRICE: $6,050,000 UNITS: 5 ~ PPU: $1,210,000 SF: 6,700 ~ PPSF: $903

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$322,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04