JJ Pedro Purchases Development Site In Yaphank From Dong Chen For $1M With Michael Gronenthal As The Broker

The property asset involved in this transaction is a development site located at 0 Horseblock Road in Yaphank. It encompasses 1.5 acres with L1 zoning, providing potential for various development opportunities. The property was sold for $1,000,000, with a building square footage (BSF) of 10,000, resulting in a price per building square foot (PPBSF) of $100.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,000,000
• Address: 0 Horseblock Road
• Market: Yaphank
• Asset Size: 1.5 acres
• Zoning: L1
• Building Square Footage: 10,000
• Price Per Building Square Foot: $100
• Buyer: JJ Pedro
• Seller: Dong Chen
• Broker: Michael Gronenthal - Douglas Elliman

The transaction was facilitated by Michael Gronenthal, who acted as the broker representing the seller, Dong Chen. Buyer JJ Pedro participated in the acquisition of the property, contributing to the market dynamics in Yaphank.