Belvedere Bridge Enterprises Acquires Development Site In Gowanus For $2.1M

The Management Group of Brooklyn has sold a development site in Gowanus located at 158-160 12th Street. The property was bought by Belvedere Bridge Enterprises for a total of $2,100,000. The site measures 3,658 square feet, resulting in a price per square foot of $574. The building floor area is 7,316 square feet, resulting in a price per building square foot of $284.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,100,000
• Market: Gowanus
• SF: 3,658
• PPSF: $574
• BSF: 7,316
• PPBSF: $284

The deal was facilitated by brokers Dan Marks, Peter Matheos, and Mike Rafter. Serabjit Singh represented The Management Group of Brooklyn as the seller, while Chris Rostek and Mat Rostek represented Belvedere Bridge Enterprises as the buyer.