Poise Property Group Purchases Development Site In Greenpoint, Brooklyn For $7M

55 Eckford St, located in Greenpoint, Brooklyn, was recently acquired for $7,000,000. This development site spans 22,000 square feet, resulting in a price per square foot of $318. The buyers, Val Katayev and Daniel Kaykov of Poise Property Group, aim to revamp the property from a long-stalled state to a luxury boutique condominium building.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Address: 55 Eckford Street
• Market: Greenpoint, Brooklyn
• Buyer: Val Katayev & Daniel Kaykov - Poise Property Group
• Buyer's Note: Poise Property Group specializes in developing high-end condo projects and has previously worked on residential properties in the Greenpoint/Williamsburg area.

The buyers, Val Katayev and Daniel Kaykov, are part of Poise Property Group, a real estate development firm known for its expertise in building and selling luxury residential properties. With a focus on creating upscale living spaces, the duo intends to transform the once-dormant 55 Eckford St into a premier boutique condominium building in the heart of Greenpoint.