The development site located at 29 Jay Street in Dumbo, Brooklyn has been sold for a total of $61,500,000. The property spans a total of 189,372 square feet, resulting in a price per square foot of $325. Situated in the vibrant neighborhood of Dumbo, this development site offers great potential for future projects.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $61,500,000
• Property Address: 29 Jay Street
• Market: Dumbo, Brooklyn
• Building Square Footage (BSF): 189,372
• Price per Square Foot (PPBSF): $325

Ed Minskoff of EJM Equities has acquired the development site from the Forman Family. The deal was facilitated by brokers Stephen Palmese, Brendan Maddigan, Michael Mazzara, Ethan Stanton, Winfield Clifford, Jonathan Hageman, and Bob Knakal. The sale of this property not only provides an opportunity for future development but also demonstrates the continuous growth and investment in the Dumbo area.