A development site located at 125 3rd Street in Gowanus, Brooklyn has been sold for a total of $29,500,000. The property spans a total of 101,852 square feet, with a price per buildable square foot (PPBSF) of $290. The transaction took place on September 12, 2023.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $29,500,000
• Address: 125 3rd Street, Gowanus, Brooklyn
• Market: Gowanus, Brooklyn
• Buyer: Allan Lebovits, Joel Wertzberger, Moishe Loketch
• Brokers: Sean R. Kelly, Stephen Vorvolakos, Nicole Daniggelis, Daniel O'Brien, Caroline Hodes
• Broker Companies: Ariel Property Advisors, Cushman & Wakefield

The buyer of the property consists of Allan Lebovits, Joel Wertzberger, and Moishe Loketch. The deal was facilitated by a team of brokers, including Sean R. Kelly, Stephen Vorvolakos, Nicole Daniggelis from Ariel Property Advisors, and Daniel O'Brien, Caroline Hodes from Cushman & Wakefield. These individuals and companies played a crucial role in the successful completion of the transaction.