Investmates Real Estate Acquires Development Site From Hauser Wirth In Brooklyn For $25.55M

The transaction involves a development site located at 150 Green Street, Brooklyn, which was sold for $25,550,000. The site comprises a total square footage of 70,000 and a building square footage (BSF) of 96,000, resulting in a price per building square foot (PPBSF) of $266 and a price per square foot (PPSF) of $365.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $25,550,000
• Buyer: Investmates Real Estate
• Seller: Hauser Wirth
• Broker: Daniel Kaplan - CBRE
• BSF: 96,000
• PPBSF: $266
• SF: 70,000
• PPSF: $365

In this transaction, Investmates Real Estate is acquiring a significant site in Greenpoint, a neighborhood recognized for its desirability in Brooklyn's residential market. Daniel Kaplan from CBRE represented the seller, Hauser Wirth, in the deal. The buyer expressed enthusiasm about contributing to the area's development by delivering high-end condominium units.