Avdoo & Partners Development Acquires Development Site In Cobble Hill, Brooklyn For $21.1M

The property involved in this transaction is a development site located at 110 Boerum Place in Cobble Hill, Brooklyn. The sale took place on July 26, 2023, with Avdoo & Partners Development acquiring the property from Hidrock Properties for a total price of $21,100,000. The site spans a total square footage of 42,379, resulting in a price per square foot of $498.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $21,100,000
• Square Footage: 42,379
• Price per Square Foot: $498
• Address: 110 Boerum Place, Cobble Hill, Brooklyn
• Buyer: Avdoo & Partners Development
• Seller: Hidrock Properties
• Brokers: Steven Rutman, Stephen Palmese, Brendan Maddigan, Ethan Stanton, Winfield Clifford, and Michael Mazzara - JLL

The deal was facilitated by a team of brokers, including Steven Rutman, Stephen Palmese, Brendan Maddigan, Ethan Stanton, Winfield Clifford, and Michael Mazzara, who represented JLL in the transaction. These individuals played a crucial role in completing the sale of the development site, ensuring a successful deal for both the buyer and the seller.