Mike Nickleson Purchases Development Site At 112 Huron Street From Marylee Robert For $2.125M

The property asset involved in the transaction is a development site located at 112 Huron Street in the Brooklyn market. The sale price for this asset was $2,125,000, with a building square footage (BSF) of 5,000 and a price per building square foot (PPBSF) of $425. The site features a total square footage (SF) of 1,512, translating to a price per square foot (PPSF) of $1,405.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,125,000
• Address: 112 Huron Street
• Market: Brooklyn
• BSF: 5,000
• PPBSF: $425
• SF: 1,512
• PPSF: $1,405
• Buyer: Mike Nickleson
• Seller: Marylee Robert
• Broker: Nathan Horne - Compass

The deal involved significant negotiation, with the Horne Team receiving 12 offers from a list of 15 potential buyers. Notably, three offers were at or above $400/BSF. The broker, Nathan Horne, emphasized that the ownership preferred a private sale period, and those interested in similar off-market opportunities may contact him directly.