Harel Edery's EDG Development Acquires Development Site In Brooklyn Dumbo For $4.35M

Located at 288-290 Water Street in Brooklyn's Dumbo neighborhood, a development site has been sold in a closed transaction. The property features a total buildable square footage (BSF) of 14,254, with a price per buildable square footage (PPBSF) of $305. The sale involved an asking price of $4,500,000, and the final sale price was recorded at $4,350,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,350,000
• Address: 288-290 Water Street
• Market: Brooklyn, Dumbo
• Seller: 275 Front Street Realty Corp. C/O Peter Chang
• Buyer: Harel Edery – EDG Development
• Buyer's Representative: Anand Melwani - ARM Real Estate Group

The buyer in this transaction was Harel Edery, representing EDG Development, while Anand Melwani from ARM Real Estate Group acted as the buyer's representative. The seller was 275 Front Street Realty Corp. C/O Peter Chang. No additional information is available about the deal.