The property asset involved in this transaction is a nine-parcel residential development site located at 185 Conover St, Brooklyn, NY, 11231. It was sold for a total price of $8,100,000.00 and offers 27,436 developable square feet. This site is situated within the Brooklyn market, specifically in the Red Hook neighborhood, and encompasses parcels at both 185-199 Conover St. and 135 Dikeman St.

Summary of transaction details:

• Property Type: Residential Development Site
• Transaction Amount: $8,100,000.00
• Address: 185 Conover St, Brooklyn, NY, 11231
• Buyer: Diamond Development Group
• Seller's Representative: Sean Kelly, Jiani Zhou, and David Khukhashvili - Ariel Property Advisors
• Total Developable Square Feet: 27,436

This transaction was facilitated by Ariel Property Advisors, with Sean Kelly, David Khukhashvili, and Jiani Zhou representing the seller, Red Hook Building Co. The brokerage team played a key role in procuring Diamond Development Group as the buyer for this significant development opportunity.