Diamond Development Group Acquires Development Site In Red Hook, BK For $8.1M

The development site located at 185 Conover St in Red Hook, BK has been sold in a closed transaction. The property, which spans across an area of 31,800 square feet, was acquired by Diamond Development Group for a total amount of $8,100,000. The sale price equates to a price per buildable square foot (PPBSF) of $254.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $8,100,000
• Address: 185 Conover St
• Market: Red Hook, BK

The deal was facilitated through the brokerage services of Alena Grummons, Andrew Milbank, and Michael Korine, who represented both the buyer, Diamond Development Group, and the seller. The transaction was handled by Berko & Associates and Ariel PA in collaboration with Sean R. Kelly, Esq. The involvement of these professionals ensured a smooth negotiation process for both parties involved.