1663 ENY Acquires Development Site In Prime Ocean Hill, Brooklyn For $3.75M

A development site located at 1653-1663 East New York Avenue in Prime Ocean Hill, Brooklyn has been sold for $3,750,000. The buyer, 1663 ENY, acquired the property from seller Arsen Yakubov. The transaction was facilitated by Elan Layliev of LayLiev Law, P.C, who represented the seller.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,750,000
• Loan Amount: $1,875,000
• Building Square Footage: 29,084
• Price per Square Foot: $129

Elan Layliev from LayLiev Law, P.C played a crucial role as the seller's representative in the deal. The transaction marks a significant investment opportunity in the sought-after area of Prime Ocean Hill, Brooklyn, and underscores the growing demand for development sites in the market.