Marvin Raab Acquires Development Site In Borough Park, Brooklyn For $2.9M

A development site located at 1420-1422 45th Street in Borough Park, Brooklyn has been sold for a price of $2,900,000. The property spans 13,200 square feet and has a price per buildable square foot (PPBSF) of $220.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,900,000
• Address: 1420-1422 45th Street
• Market: Borough Park, Brooklyn

The seller of the development site was Greystone, represented by Tom Ryan. The buyer of the property was Marvin Raab. Jermaine Pugh & Zach Redding served as the seller's representatives in the transaction.