Updated Oct 12, 2026
Joel Basch Purchases Parking Lot From Abraham Leser For $21.5 Million In Red Hook Brooklyn
130 Beard Street
$21,500,000
Building Size
—
Asset Type
Parking Lot
Closing
Sep 15, 2026
About this deal
AI
This transaction involves a parking lot located at 130 Beard Street in Red Hook, Brooklyn. The sale was finalized for a price of $21,500,000 on September 15, 2026. The property is positioned within a market that continues to attract investor interest in industrial and commercial land opportunities along Brooklyn’s waterfront.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $21,500,000
- Buyer: Joel Basch
- Seller: Abraham Leser - The Leser Group
- Sale Date: September 15, 2026
- Address: 130 Beard Street
- Market: Red Hook, Brooklyn
In this deal, Joel Basch acquired the parking lot from Abraham Leser, representing The Leser Group. The transaction signifies a notable movement in the commercial real estate sector, reflecting ongoing demand in the area.
On the Map
$21,500,000
Parking Lot
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Players
Brooklyn Parking Lot Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93