Nalcorp And David Bistricer Acquire Development Site In Coney Island For $20 Million

Nalcorp and David Bistricer, through Clipper Equity, have acquired a development site located at 2015 Boardwalk West in Coney Island, Brooklyn. The property features an expansive 69,530 square feet and was purchased for $20 million, equating to a price per square foot of $288.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 2015 Boardwalk West
• Market: Coney Island, Brooklyn
• Square Footage: 69,530
• Price Per Square Foot: $288
• Buyer: Nalcorp & David Bistricer - Clipper Equity
• Seller: Bath Site LLC
• Broker: Dan Marks & Daniel Lebor - Terra CRG

This transaction involved key representatives Dan Marks and Daniel Lebor from Terra CRG, who facilitated the acquisition process for the buyers, Nalcorp and Clipper Equity, in their purchase from Bath Site LLC.