The property asset involved in the transaction is a development site located at 117 Powers Street in Williamsburg, Brooklyn. The sale was completed for a price of $2,100,000, encompassing a total square footage of 1,182 and a price per square foot of $1,777. The building has a base square footage of 5,200, translating to a price per base square foot of $404.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,100,000
• Address: 117 Powers Street
• Market: Williamsburg, Brooklyn
• Buyer: E & M Builders Group
• Seller: The Carbone Family
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)
• Square Footage: 1,182
• Price per Square Foot: $1,777
• Base Square Footage: 5,200
• Price per Base Square Foot: $404

The deal was facilitated by Investment Property Realty Group (IPRG), represented by the team of Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. The property was delivered vacant and sold at ask. The North BK team has new properties available on the market, encouraging interested parties to reach out for more information.