Solomon Shander Acquires Development Site From Tito Cacavo For $801,000 In Brooklyn

This development site located at 218 Ashford Street, Brooklyn, has a sale price of $801,000. The asset spans a size of 1,460 square feet with a price per square foot of $548. The building site is categorized under R7A Residential Development and is situated in the East New York neighborhood, part of the 2016 Atlantic Avenue / Broadway Junction rezoning initiative.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $801,000
• Buyer: Solomon Shander
• Seller: Tito Cacavo
• Broker: William Diana - WTD Realty Partners
• Built Square Feet: 8,789
• Price per Built Square Feet: $91
• Square Feet: 1,460
• Price per Square Feet: $548

William Diana from WTD Realty Partners represented the seller, Tito Cacavo, in this transaction. This sale represents an opportunity for residential development within a rezoned area of Brooklyn.