Serabjit Singh Acquires Development Site In Brooklyn For $13.5M

A development site located at 257 Washington Avenue in Brooklyn's Clinton Hill neighborhood has been sold for $13,500,000. The property spans 32,000 square feet, resulting in a price per buildable square foot of $421. The transaction involved buyer Serabjit Singh and seller Brookland Capital.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,500,000
• Address: 257 Washington Avenue
• Market: Brooklyn, Clinton Hill
• Buyer: Serabjit Singh
• Seller: Brookland Capital

The deal was facilitated by Dan Marks, Dan Lebor, and Mike Rafter of TerraCRG, who represented the buyer and seller in the transaction.