The School Construction Authority Acquires Development Site In Sunset Park, Brooklyn

The development site located at 250-266 46th Street in Sunset Park, Brooklyn has been sold for a total price of $5,550,000. The property, which is a development site, has a building square footage (BSF) of 30,452. The price per building square footage (PPBSF) is $180. The transaction took place on January 16, 2020.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,550,000
• Building Square Footage (BSF): 30,452
• Price per Building Square Footage (PPBSF): $180
• Market: Sunset Park, Brooklyn

The seller of the property is Raymond Yu, who represents Yuco Management Incorporated. On the other hand, the buyer is The School Construction Authority, represented by Lorraine Grillo. The brokers involved in the deal were Victor Sozio and Stephen Vorvolakos, who work for Ariel Property.