Landau Wolfe Acquires Land In Sunset Park Brooklyn For $11.5M

The property involved in this transaction is a land located at 6128 8 Avenue in Sunset Park, Brooklyn. The land is zoned as C4-2, allowing for various commercial uses. It spans a total of 5,600 square feet. The transaction took place on November 18, 2021, with Landau Wolfe purchasing the property from Wing Fung Chau. The sale price for the land was $11,462,695, resulting in a price per square foot of $2,047. It is worth noting that the property was previously sold on May 21, 2014, for $51,500,000.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $11,462,695
• Zoning: C4-2
• Square Footage: 5,600
• Location: 6128 8 Avenue, Sunset Park, Brooklyn
• Buyer: Landau Wolfe
• Seller: Wing Fung Chau

Landau Wolfe acted as the buyer in this transaction, represented by their broker agent. Wing Fung Chau, on the other hand, served as the seller. The sale of this land represents a significant deal in the Sunset Park market, with a notable increase in value since its last sale in 2014.