Douglaston Development Acquires Development Site On Atlantic Avenue In Brooklyn For $66M

A development site located at 1057 Atlantic Avenue in Brooklyn has been sold for a price of $66,000,000. The site spans 46,000 square feet and has a buildable square footage of 474,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $66,000,000
• Address: 1057 Atlantic Avenue
• Market: Brooklyn
• Buyer: Douglaston Development - Jeff Levine & Jed Resnick
• Seller: BEB Capital - Lee Brodsky & TOTEM - Tucker Reed
• Brokers: Ofer Cohen, Daniel Lebor & Dan Marks - Terra CRG
• SF: 46,000
• BSF: 474,000

The buyer of the property is Douglaston Development, represented by Jeff Levine and Jed Resnick. The seller of the property is BEB Capital, represented by Lee Brodsky and TOTEM, represented by Tucker Reed. The deal was facilitated by brokers Ofer Cohen, Daniel Lebor, and Dan Marks from Terra CRG.