Kahen Development Acquires Brooklyn Dev Site For $13.9M

An R7 zoned development site located at 1499 Bedford Avenue in Brooklyn has been sold for $13,900,000. The property has a total building square footage (BSF) of 66,377, resulting in a price per buildable square foot (PPBSF) of $209. The transaction involved the seller, Sanford Nager, and the buyer, Kahen Development. Itan Rahmani, Hirschy Zaks, and Ben Kopilev of an undisclosed brokerage served as the brokers in the deal.

Summary of transaction details

• Property Type: Dev Site
• Transaction Amount: $13,900,000
• Address: 1499 Bedford Avenue
• Market: Brooklyn
• Zoning: R7
• Built Square Footage (BSF): 66,377
• Price per Buildable Square Foot (PPBSF): $209
• Seller: Sanford Nager
• Buyer: Kahen Development
• Brokers: Itan Rahmani, Hirschy Zaks, Ben Kopilev

Itan Rahmani, Hirschy Zaks, and Ben Kopilev represented the buyer and seller in this transaction, acting as the brokers facilitating the deal.