Green Street Group Acquires Development Site On Freeman Street In Greenpoint For $14M

170 Freeman Street, a development site located in Greenpoint, Brooklyn, has been sold for a price of $14,000,000. The property offers a total buildable square footage (BSF) of 46,000, resulting in a price per buildable square foot (PPBSF) of $304. Situated at the corner of Freeman Street and Manhattan Avenue, this shovel-ready 421a development site presents a prime opportunity for future development.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $14,000,000
• BSF: 46,000
• PPBSF: $304
• Address: 170 Freeman Street
• Market: Greenpoint, Brooklyn

The buyer of this property is the Green Street Group, represented by Daniel Greenberg, Derek Greenberg, Joshua Greenberg, Warren Silverman, and Tembo Property Group represented by Jared Kaplan. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, Samuel Leppo, and John Lopez of Marcus & Millichap.

The Green Street Group, as the official purchaser of 170 Freeman Street, has acquired a prime development site in the heart of Greenpoint. For those interested in similar development opportunities or seeking a Broker Opinion of Value (BOV) for their own development site, please reach out to the deal team listed below:

Deal Team Contact: [email protected]