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240 Nassau Street

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

240 Nassau Street

Development Site
clock iconSold 183 days ago
David Lebenstein
Daniel (Dan) O'Brien
Caroline Hodes
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Development Site

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.


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David Lebenstein's profile picture
David Lebenstein
Cushman & Wakefield-image
Executive Managing Director
$15M Sold
Caroline Hodes's profile picture


Deal Summary
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IMAGE: Caroline Hodes, Daniel O'Brien & David Lebenstein DATE: 11/16/2023 ADDRESS: 240 Nassau Street MARKET: Downtown Brooklyn ASSET TYPE: Development Site BUYER: Alloy Development SELLER: Madison Square Boys & Girls Club BROKERS: Daniel O'Brien & Caroline Hodes (@CarolineHodes) - Newmark; David Lebenstein (@DavidLebenstein) - Cushman & Wakefield (@CushWake) SALE PRICE: $15,000,000 BSF: 71,039 ~ PPBSF: $211

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Address240 Nassau Street


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