Moshe Granit Sells Development Site At 117 Grove Street Brooklyn For $6 Million

The asset involved in the transaction is a development site located at 117 Grove Street in Brooklyn, specifically in Bushwick. The site consists of four tax lots with dimensions of 90' x 100' along Grove Street and an adjoining lot of 50' x 100' on Menahan Street. The property has an asking price of $6,000,000 and a buildable square footage (BSF) of 30,800, with a price per buildable square foot (PPBSF) of $194.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,000,000
• Address: 117 Grove Street
• Market: Brooklyn
• BSF: 30,800
• PPBSF: $194
• Seller: Moshe Granit
• Broker: DJ Johnston - Matthews

DJ Johnston represented Matthews in the transaction to announce the sale of 111-117 Grove Street / 60 Menahan Street. The site is zoned R6, allowing for up to 30,800 BSF as-of-right, and potentially 54,600 BSF if utilizing the UAP bonus. For further details, DJ Johnston can be contacted at (914) 584-7422.