Yossi Zarfati And Daniel Kaykov Of Renovation Group Acquire Development Site In Greenpoint For $4.5M

The asset involved in this transaction is a development site located at 151-153 Freeman Street in Greenpoint, Brooklyn. The sale price for the property was $4,500,000, with a building square footage of 10,000, resulting in a price per building square foot of $450.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,500,000
• Address: 151-153 Freeman Street
• Market: Greenpoint, Brooklyn
• Building Square Footage: 10,000
• Price per Building Square Foot: $450
• Buyer: Yossi Zarfati & Daniel Kaykov - Renovation Group
• Seller: Alon Jacobs and Oded Ben-Nun - LTNG
• Buyer's Representative: Raquel Lomonico - Serhant
• Seller's Representatives: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

Key individuals involved in the deal include the buyers, Yossi Zarfati and Daniel Kaykov, representing the Renovation Group, and the sellers, Alon Jacobs and Oded Ben-Nun, representing LTNG. The transaction was facilitated by Raquel Lomonico from Serhant as the buyer's representative, while the seller's side was represented by a team from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde.