Marcus & Millichap Sells Development Site In Clinton Hill, Brooklyn For $2.35M

A development site located at 28 Putnam Avenue in Clinton Hill, Brooklyn, has been sold for a price of $2,350,000. The property spans 2,374 square feet, which translates to a price per square foot of $990. The building square footage is 8,200, resulting in a price per buildable square foot of $287.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,350,000
• Address: 28 Putnam Avenue, Clinton Hill, Brooklyn
• Square Footage: 2,374
• Price per Square Foot: $990
• Building Square Footage: 8,200
• Price per Buildable Square Foot: $287

The sale was facilitated by the brokers Shaun Riney, Andrew Bronsteen, Michael Salvatico, and Jason Farese from Marcus & Millichap. The seller's counsel in this transaction was Michael Landsman.

The entire process from listing to closing the deal was completed within a span of 90 days. Shaun Riney, Andrew Bronsteen, Michael Salvatico, and Jason Farese extend their gratitude to Michael Landsman and his team at Hohlaw for their significant role in ensuring the efficiency and effectiveness of the transaction.