Lincoln 1421 LLC Acquires Development Site In Crown Heights, BK For $1.1M

A development site located at 1421 Lincoln Place in Crown Heights, Brooklyn has been sold for $1.1 million. The property spans 7,866 square feet and has a price per buildable square foot of $139. The sale was completed on January 22, 2019.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1.1 million
• Address: 1421 Lincoln Place
• Market: Crown Heights, BK
• Buildable Square Footage: 7,866
• Price per Buildable Square Foot: $139

The seller of the property was Charville Morgan, while the buyer was Lincoln 1421 LLC - Menachem Goldshmid. The transaction was facilitated by Bryan Kirk & DJ Johnston from B6 Real Estate. It is worth noting that Bryan Kirk & DJ Johnston also represented the sellers of 1423 and 1429 Lincoln Place, which were sold in March 2018. The sale of 1421 Lincoln Place was the final transaction that completed a development assemblage consisting of three lots with a total buildable square footage of 20,349.