LTNG NYC Acquires Development Site In Greenpoint, Brooklyn For $1.85M

Located at 151 Freeman Street in Greenpoint, Brooklyn, this development site recently changed hands in a sale transaction. The buyer and developer of the property is LTNG_NYC, a private real estate development company specializing in multi-family, commercial, and mixed-use projects in New York City. The seller of the site was Marshall Kesten. The sale was facilitated by brokers Donal Flaherty, Derek Bestreich, and Luke Sproviero from Bestreich Realty Group. The architects involved in the project are Pliskin Architecture.

Summary of transaction details:

• Property Type: Dev Site
• Transaction Amount: $1,850,000
• Date: 02/17/2021
• Market: Greenpoint, Brooklyn
• Zoning: R6B
• Buyer/Developer: LTNG_NYC
• Seller: Marshall Kesten
• Brokers: Donal Flaherty, Derek Bestreich, and Luke Sproviero - Bestreich Realty Group
• Architect: Pliskin Architecture
• BSF: 5,000
• PPBSF: $370

@LTNG_NYC plans to utilize this development site to construct a 6-unit condominium with a mix of 1, 2, and 3-bedroom homes. With a focus on thoughtful and spacious design, the project aims to meet the increasing demand for quality housing in the area.