Bluejay Management Acquires Development Site In Brooklyn For $4.2M

A development site located at 1233-1237 Eastern Parkway in Brooklyn, New York has been sold for a price of $4,200,000. The property consists of 24,213 square feet of buildable space and was sold at a rate of $175 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,200,000
• Address: 1233-1237 Eastern Parkway, Brooklyn, New York
• Market: Brooklyn
• Buildable Square Footage: 24,213 sf
• Price per Buildable Square Foot: $175

Bluejay Management, represented by Marc Jacobowitz, acquired the property from Yehuda Cohen. The sale was brokered by The Johnston Team of Cushman and Wakefield, with DJ Johnston and Joshua Sabzevari serving as the representatives for the buyer.