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Development Site At 192-196 31st Street Sells For $4 Million In Brooklyn

Property Image
SOLD
$4,000,000
Toby Waring
Luke Sproviero
Adam Lobel
+ 1

New York

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Development Site9,000 SF
Sold 05/29/2026
the dealplayerscompscontact
Property Image
SOLD

Development Site At 192-196 31st Street Sells For $4 Million In Brooklyn

192 31st Street

See Similar Deals
Development Site9,000 SF
Sold 05/29/2026
Toby Waring
Luke Sproviero
Adam Lobel
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$444
Total Square Footage:9,000 SF
Transaction Type:Sale

The asset involved in the transaction is a development site located at 192-196 31st Street in the Greenwood Heights neighborhood of Brooklyn. The sale price for this property was $4,000,000, with a building square footage of approximately 18,000. The price per building square foot (PPBSF) is calculated at $222.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,000,000
  • Building Square Footage: 18,000
  • Price Per Building Square Foot: $222
  • Address: 192-196 31st Street
  • Market: Greenwood Heights, Brooklyn

The brokers facilitating the transaction were Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring, all representing the Investment Property Realty Group. Their involvement played a crucial role in concluding the sale of this development site.

Players

Adam Lobel
Investment Property Realty Group (IPRG)
Adam Lobel
138 deals$588.1M volume(314) 920-8639
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Toby Waring
Investment Property Realty Group (IPRG)
Toby Waring
89 deals$348.6M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring DATE: 5/29/2026 ADDRESS: 192-196 31st Street MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Development Site BROKERS: Derek Bestreich (@DerekBestreich), Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate) & Toby Waring (@BklynBricks) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $4,000,000 BSF: 18,000 ~ PPBSF: $222

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