Mendel Fleischman Purchases Development Site From Services For The Underserved For $6.65M

The property asset involved in this transaction is a development site located at 150 Vernon Avenue, Brooklyn. The sale price for this transaction was $6,650,000, and the building square footage is approximately 25,200, resulting in a price per building square foot of $263.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,650,000
• Address: 150 Vernon Avenue
• Market: Brooklyn
• Building Square Footage: 25,200
• Price per Building Square Foot: $263
• Buyer: Mendel Fleischman
• Seller: Services for the Underserved
• Brokers: David Lebenstein, Dylan Walsh, Dimitri P. Venekas, Jonathan Squires, Nick Kolbus & Kieran Baker - Cushman & Wakefield

This transaction involved Mendel Fleischman as the buyer who acquired the property from Services for the Underserved. The brokerage team representing the transaction included multiple individuals from Cushman & Wakefield, specifically David Lebenstein, Dylan Walsh, Dimitri P. Venekas, Jonathan Squires, Nick Kolbus, and Kieran Baker.