Michael J. Levy And Andrew Bradfield Acquire Development Site In Brooklyn For $9 Million

The asset involved in the transaction is a development site located at 257 Washington Avenue in Brooklyn. The sale price of the property was $9,000,000, with a total built square footage of 34,000 and a price per built square foot of $265.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,000,000
• Buyer: Michael J. Levy & Andrew Bradfield
• Seller: KSR Capital - Morris Sabbagh
• Broker: Richard Velotta & Sam Perry - Raven Property Advisors
• Built Square Footage: 34,000
• Price per Built Square Foot: $265

The transaction involved buyers Michael J. Levy and Andrew Bradfield acquiring the property from seller KSR Capital, represented by Morris Sabbagh. The deal was facilitated by brokers Richard Velotta and Sam Perry from Raven Property Advisors, showcasing their role in the negotiation and closing process of this development site transaction.