Development Site At 1025 Atlantic Avenue Sold For $14M In Bed-Stuy With Brokers Newmark

The asset involved in this transaction is a development site located at 1025 Atlantic Avenue in the Bed-Stuy market. The sale price of the property was $14,000,000, which corresponds to 65,652 square feet, resulting in a price per square foot of $213.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $14,000,000
• Address: 1025 Atlantic Avenue
• Market: Bed-Stuy
• Square Footage: 65,652
• Price per Square Foot: $213

This transaction involved the collaboration of brokers Daniel O'Brien, Mike Kavanagh, Caroline Hodes, Henry Hill, and Danny Jones, who represented the parties through Newmark.