Jacob Leifer Acquires Development Site In Flatbush, Brooklyn For $1.2M

A development site in Flatbush, Brooklyn, located at 1244 New York Ave., has been sold in a recent transaction. The sale was completed on April 14, 2022, with a sale price of $1,200,000. The development site has a building square footage (BSF) of 10,762 and a price per building square footage (PPBSF) of $111. The transaction involved the buyer, Jacob Leifer, and the seller, Jimi Jack.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,200,000
• Address: 1244 New York Ave.
• Market: Flatbush, Brooklyn

The sale of the development site was facilitated by the brokerage firm Bestreich Realty Group (BRG), with Derek Bestreich representing the buyer, Jacob Leifer. Additionally, Steve Reynolds and Tom Reynolds, also from Bestreich Realty Group, were involved in the transaction as brokers.