Douglaston Development Acquires Development Site In Bedford Stuyvesant, Brooklyn For $65M

Douglaston Development has acquired a development site at 1045 Atlantic Avenue in Bedford Stuyvesant, Brooklyn. The property, purchased for $65 million, was sold by BEB Capital, which is affiliated with Lee J. Brodsky, Ofer Cohen, Tucker Reed, and Vivian Liao through AI One Holdco LLC. The industrial building spans 397,252 square feet, resulting in a price per square foot of $164.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Address: 1045 Atlantic Avenue, Bedford Stuyvesant, Brooklyn
• Buyer: Douglaston Development - Jed Resnick
• Seller: BEB Capital - Lee J. Brodsky, Ofer Cohen & Tucker Reed
• Market: Bedford Stuyvesant, Brooklyn

In this transaction, Douglaston Development, represented by Jed Resnick, acquired the development site from BEB Capital, represented by Lee J. Brodsky, Ofer Cohen, and Tucker Reed. The sale of the industrial building was completed on May 26, 2023, for a total price of $65 million.