Steven Westreich Of Westbridge Realty Group Purchases Development Site In Brownsville For $6.2M

A development site located at 138 Osborn Street in Brownsville, Brooklyn, was sold for $6,200,000. The property encompasses a total of 79,815 square feet, translating to a price of $78 per buildable square foot. Westbridge Realty Group has plans to develop a 99-unit residential building, which is currently pending permit approval.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,200,000
• Address: 138 Osborn Street
• Market: Brownsville, Brooklyn
• Building Square Feet (BSF): 79,815
• Price Per Building Square Foot (PPBSF): $78
• Buyer: Steven Westreich - Westbridge Realty Group
• Seller: Russell Fedele & Brian Fedele

Steven Westreich, representing Westbridge Realty Group, acquired the property from sellers Russell Fedele and Brian Fedele. The transaction reflects Westbridge Realty Group's interest in developing the site into a residential building, pending the necessary permits.