Schwimmer Family Purchases Development Site From The Kesten Family For $2.5M With Brokers William Diana And Zalman Yarmush

The asset involved in this transaction is a development site located at 165 Newport Street in Brooklyn. The sale price was $2,500,000, with a building square footage (BSF) of 22,000, resulting in a price per building square foot (PPBSF) of $113. The square footage (SF) of the site is 10,000, leading to a price per square foot (PPSF) of $250.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Address: 165 Newport Street
• Market: Brooklyn
• Building Square Footage: 22,000
• Price Per Building Square Foot: $113
• Square Footage: 10,000
• Price Per Square Foot: $250
• Buyer: Schwimmer Family
• Seller: The Kesten Family
• Buyer's Representative: Zalman Yarmush - Yarmush Investment Group
• Seller's Representative: William Diana - WTD Realty Partners

This transaction features key representatives from both the buyer and the seller sides. Zalman Yarmush from Yarmush Investment Group represented the Schwimmer Family in this deal, while William Diana from WTD Realty Partners represented the Kesten Family. Both professionals facilitated the successful closing of this transaction.