Milton J. Chacon Acquires Development Site In Brooklyn For $1.05M

A development site located at 241 Manhattan Ave in Brooklyn has been sold in a closed transaction. The property is zoned as C4-4A, indicating its potential for development. The sale took place on November 24, 2020, with Milton J. Chacon as the buyer.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,050,000
• Market: Brooklyn
• Address: 241 Manhattan Ave.

The seller of the property is Earl R. Davis (@BKDebonair), along with Rinat Shahar, Jo-Ann R. Sullivan, Steven H. Hedberg, and John Hedberg. The transaction was facilitated by brokers Chris Cavorti, Evan F. Church, and Marvin Chu, who are part of The Forray Team at the Corcoran Group.

The property was listed with an asking price of $1,249,000, and it was ultimately sold for $1,050,000. The building has a total square footage of 1,365, equating to a price per square foot of $769. The property's buildable square footage is 4,168, resulting in a price per buildable square foot of $251.