Atlas Realty Group Sells Development Site On Bruckner Boulevard In NYC For $5.5M

A development site located at 1499 Bruckner Boulevard in New York City has been sold for $5,500,000. The property, spanning 68,000 square feet, offers significant potential for future development. The price per buildable square foot (PPBSF) is approximately $80. The transaction took place on July 31, 2023.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Address: 1499 Bruckner Boulevard
• Market: New York City
• BSF: 68,000
• PPBSF: $80

Gadi Ben Hamo was the seller of the development site. The deal was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi, who represented Atlas Realty Group as brokers. Their expertise and negotiation skills contributed to the successful completion of the transaction.