Bungalow Projects Acquires Development Site From O'Connell Organization In Red Hook For $3M

This development site located at 198 Conover Street in the Red Hook market was sold for $3,000,000. The property has a building square footage (BSF) of 5,000, resulting in a price per building square foot (PPBSF) of $600.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• BSF: 5,000
• PPBSF: $600
• Buyer: Bungalow Projects
• Seller: O'Connell Organization
• Brokers: David Behin, Daniel O'Brien, Caroline Hodes & Robert Ferman - Newmark

The transaction involved Bungalow Projects as the buyer and O'Connell Organization as the seller, with representation from brokers David Behin, Daniel O'Brien, Caroline Hodes, and Robert Ferman of Newmark, facilitating the deal in the Red Hook area.