The development site located at 251 Front Street in Dumbo, Brooklyn has been sold for a price of $19,850,000. The property spans 40,000 square feet in terms of buildable square footage (BSF) and has a price per buildable square foot (PPBSF) of $496. This transaction marks the transfer of ownership from the seller, 251 Front Street Realty Inc. represented by Paul Tocci, to the buyer, CW Realty represented by Cheskie Weisz.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $19,850,000
• Buildable Square Footage: 40,000
• Price per Buildable Square Foot: $496
• Address: 251 Front Street, Dumbo, Brooklyn

The deal was facilitated by brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford. These individuals played key roles in representing the seller and buyer throughout the transaction process.