Alloy Development Acquires Development Site On Nassau Street In Downtown Brooklyn For $15M

Alloy Development has acquired a development site located at 240 Nassau Street in Downtown Brooklyn. The property was sold by the Madison Square Boys & Girls Club for a total sale price of $15,000,000. The site spans a total of 71,039 square feet, resulting in a price per buildable square foot of $211. The transaction was facilitated by brokers Daniel O'Brien and Caroline Hodes from Newmark, and David Lebenstein from Cushman & Wakefield.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 240 Nassau Street, Downtown Brooklyn
• Market: Downtown Brooklyn
• BSF: 71,039
• PPBSF: $211

The acquisition of the development site at 240 Nassau Street was facilitated by Alloy Development, a prominent player in the real estate industry. Daniel O'Brien and Caroline Hodes from Newmark, along with David Lebenstein from Cushman & Wakefield, represented the parties involved in the transaction. This deal marks an important milestone for Alloy Development as they expand their portfolio in Downtown Brooklyn.