Normand Family Acquires Development Site At 149 Rockaway Avenue From Amrossi Family For $436,375

149 Rockaway Avenue is a development site located in Brooklyn, specifically in the Ocean Hill neighborhood. The asset spans 4,290 square feet and was sold for $436,375, which equates to $101 per buildable square foot. The property dimensions are 19.5' x 100'.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $436,375
• Building Square Footage: 4,290
• Price per Buildable Square Foot: $101
• Buyer: Normand Family
• Seller: Amrossi Family
• Brokers: David Caba & DJ Johnston - Matthews

David Caba and DJ Johnston from Matthews Real Estate Investment Services, Inc. represented the seller in this transaction. The brokers successfully navigated and resolved encroachment issues that arose during the closing process, ensuring that the sale concluded successfully.