Shlomo Sinay & Chaim Wurzberger Acquire Development Site In Flatbush For $2.4M

The development site located at 2512 Bedford Avenue in Flatbush, Brooklyn has been sold in a closed transaction. The property spans a total of 18,000 square feet and was sold for a price of $2,400,000, resulting in a price per buildable square foot (PPBSF) of $133. The transaction took place on September 9, 2019.

Summary of Transaction Details

• Property Type: Development Site
• Seller: Japhet Boutin
• Buyer: Shlomo Sinay & Chaim Wurzberger – Candor Capital
• Brokers: Brian Underkofler, Derek Bestreich, Steve Reynolds & Tom Reynolds (@brg_cre)
• Sale Price: $2,400,000
• BSF: 18,000
• PPBSF: $133

The buyer of the property is Shlomo Sinay and Chaim Wurzberger of Candor Capital, while the seller is Japhet Boutin. The transaction was facilitated by a team of brokers including Brian Underkofler, Derek Bestreich, Steve Reynolds, and Tom Reynolds from BRG_CRE. Their expertise and industry knowledge played a crucial role in the successful completion of the deal.