Robert Khoo Acquires Development Site In Gowanus, Brooklyn For $1.8M

The development site located at 150 2nd Ave. in Gowanus, Brooklyn has been sold in a recent transaction. The property is a vacant M-zoned land with a total building square footage (BSF) of 9,196. The sale price for this property was $1,800,000, resulting in a price per BSF (PPBSF) of $195. This transaction marks a price record of $391 per square foot for vacant M-zoned land in Gowanus.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,800,000
• Address: 150 2nd Ave., Gowanus, Brooklyn
• Market: Gowanus, Brooklyn
• Buyer: Robert Khoo
• Seller: Russell Cascardo
• Brokers: Jakub Nowak & Jake Torre (The Nowak Group) - Marcus & Millichap
• BSF: 9,196
• PPBSF: $195

Robert Khoo is the buyer of this development site, while Russell Cascardo is the seller. The deal was facilitated by Jakub Nowak and Jake Torre from The Nowak Group, who represented the buyer in the transaction. The seller was represented by Marcus & Millichap. The buyer has plans to develop a 2-story warehouse on the property to be used for their business.

For more information about the sale of industrial, commercial, and development properties in NYC, you can contact Jakub Nowak at 718-475-4353 or Jake Torre at 718-475-4325, who are experts in this field according to Marcus & Millichap.