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Concern Housing Acquires Development Site In East New York For $4.4M By Buyer & Seller Rep Shay Zach

Property Image
SOLD
$4,375,000
Shay Zach
AF

New York

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Development Site54,000 SF
Sold 02/11/2021
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Property Image
SOLD

Concern Housing Acquires Development Site In East New York For $4.4M By Buyer & Seller Rep Shay Zach

2602 Pitkin Avenue, East New York, Brooklyn, NY, USA

See Similar Deals
Development Site54,000 SF
Sold 02/11/2021
Shay Zach
AF
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$81
Total Square Footage:54,000 SF
Transaction Type:Sale

The development site located at 2602 Pitkin Ave. in East New York has been sold for a total of $4,375,000. The property, which includes air rights, was purchased by Concern Housing from the Ahdoot Family. The site spans a total of 54,000 square feet and is zoned for R7A, C2-4, and EC-5 development. The sale price equates to $81 per square foot.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,375,000
  • Address: 2602 Pitkin Ave.
  • Market: East New York
  • Zoning: R7A, C2-4, EC-5
  • Buyer: Concern Housing
  • Seller: Ahdoot Family
  • Broker: Shay Zach - (Buyer & Seller Rep) @GPGNYC
  • Asking Price: $4,600,000
  • Building Square Footage: 54,000
  • Price per Square Foot: $81

Shay Zach of GPGNYC represented both the buyer and seller in the transaction. For more information, interested parties can contact Shay Zach at 212-359-5060 or via email at [email protected].

Players

Shay Zach
GAIA Property Group
Shay Zach
16 deals$104.4M volume
BROKER
AF
Ahdoot Family
2 deals$4.9M volume
SELLER

Details

SOLD
IMAGE: Shay Zach DATE: 02/11/2021 ADDRESS: 2602 Pitkin Ave. MARKET: East New York ASSET TYPE: Development Site ~ ZONING: R7A, C2-4, EC-5 BUYER: Concern Housing SELLER: Ahdoot Family BROKER: Shay Zach - (Buyer & Seller Rep) @GPGNYC ASKING PRICE: $4,600,000 SALE PRICE: $4,375,000 BSF: 54,000 ~ PPBSF: $81 NOTE FROM @GPGNYC: Sale included Zelda and transfer of air rights. Contact us for more information: 212-359-5060 or [email protected]

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