David Bistricer Of Clipper Equity & Nalcorp Acquires Development Site In Coney Island For $20M

The property asset involved in this transaction is a development site located at 2015 Boardwalk West in the Coney Island neighborhood of Brooklyn. The sale price was $20,000,000, with a buildable square footage (BSF) of 400,000, resulting in a price per buildable square foot (PPBSF) of $50. The site has a total square footage (SF) of 69,530, with a price per square foot (PPSF) of $287.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 2015 Boardwalk West
• Neighborhood: Coney Island
• Market: Brooklyn
• Buildable Square Feet: 400,000
• Price per Buildable Square Foot: $50
• Total Square Feet: 69,530
• Price per Square Foot: $287
• Buyer: David Bistricer - Clipper Equity & Nalcorp
• Seller's Representative: Dan Marks & Daniel Lebor - Terra CRG

The deal involved key individuals and companies, with David Bistricer representing the buyer as part of Clipper Equity and Nalcorp. The seller's representatives, Dan Marks and Daniel Lebor, are affiliated with Terra CRG, facilitating the transaction.