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Avi Nahum Acquires Development Site In Brooklyn For $1.6M

Property Image
SOLD
$1,600,000

New York

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Development Site10,489 SF
Sold 10/30/2020
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Property Image
SOLD

Avi Nahum Acquires Development Site In Brooklyn For $1.6M

1711 Gravesend Neck Road, Brooklyn, NY, USA

See Similar Deals
Development Site10,489 SF
Sold 10/30/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$152
Total Square Footage:10,489 SF
Transaction Type:Sale

A development site located at 1711 Gravesend Neck Road in Brooklyn has been sold for $1,600,000. The property is situated in a C8-1 zoning area, making it suitable for development purposes. The site spans over 10,489 square feet and has a price per buildable square foot (PPBSF) of $152. The previous sale of the property occurred in September 2018 for $875,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,600,000
  • Market: Brooklyn
  • Address: 1711 Gravesend Neck Road
  • Zoning: C8-1
  • Seller: Arsen Atbashyan @CARealtyInc
  • Buyer: Avi Nahum
  • Last Sale Price: $875,000 (9/2018)

Avi Nahum has purchased the development site from seller Arsen Atbashyan, represented by CA Realty Inc. This transaction represents a substantial increase in value since the previous sale of the property in 2018.

Players

Arsen Atbashyan
Commercial Acquisitions
Arsen Atbashyan
51 deals$123.9M volume(917) 939-3760
BROKER

Details

SOLD
IMAGE: Arsen Atbashyan DATE: 10/30/2020 ADDRESS: 1711 Gravesend Neck Road MARKET: Brooklyn ASSET TYPE: Development Site ~ ZONING: C8-1 BUYER: Avi Nahum SELLER: Arsen Atbashyan @CARealtyInc PRICE: $1,600,000 BSF: 10,489 ~ PPBSF: $152 LAST SALE PRICE: $875,000 (9/2018)

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