Speed Post Development Site Sold On Ainslie St. For $2.6M - Investment Property Realty Group (IPRG)

A development site located at 185 Ainslie St. in Williamsburg, Brooklyn was recently sold for a sale price of $2,600,000. The property has a buildable square footage (BSF) of 5,787, resulting in a price per buildable square foot (PPBSF) of $449. This transaction represents a record-breaking price per buildable square foot of $450.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,600,000
• Address: 185 Ainslie St., Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• BSF: 5,787
• PPBSF: $449

The seller of the property was the Cosenza Family. The transaction was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura from Investment Property Realty Group (IPRG).

This sale is a testament to the desirability and potential for development in Williamsburg, Brooklyn. The individuals and companies involved in this deal have played a significant role in achieving this record-breaking price per buildable square foot.