Aron Stark's 1451 Sutter LLC Acquires Development Parcels In East New York, Brooklyn For $3M

Aron Stark, through his company 1451 Sutter LLC, has purchased the development site located at 1451 and 1453 Sutter Avenue in East New York, Brooklyn. The seller, Zalmen Wagschal's 1451 Sutter Ave LLC, sold the property for a total price of $3 million. The development site spans approximately 16,929 square feet and has a price per buildable square foot (PPBSF) of $177.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Buyer: Aron Stark
• Seller: Zalmen Wagschal
• Address: 1451 & 1453 Sutter Avenue
• Market: East New York, Brooklyn
• BSF: 16,929
• PPBSF: $177

Aron Stark, the buyer, made the acquisition through his company, 1451 Sutter LLC. Zalmen Wagschal's 1451 Sutter Ave LLC acted as the seller in this transaction. The sale price for the development parcels at 1451 and 1453 Sutter Avenue was $3 million. This deal marks an important milestone in the East New York, Brooklyn market.