Stalled Development Site Sold For $1.15M In Ocean Hill With Brokers Benjamin Vago & Sean R. Kelly

The asset involved in this transaction is a stalled development site located at 303 Sumpter Street in the Ocean Hill market. The sale price for the property was $1,150,000, with a total building square footage of 5,915, which calculates to a price per buildable square foot of $194.

Summary of transaction details:

• Property Type: Stalled Development Site
• Transaction Amount: $1,150,000
• Address: 303 Sumpter Street
• Market: Ocean Hill
• Building Square Footage: 5,915
• Price Per Buildable Square Foot: $194
• Brokers: Benjamin Vago & Sean R. Kelly - Ariel Property Advisors

Key representatives involved in this transaction were Benjamin Vago and Sean R. Kelly, both affiliated with Ariel Property Advisors, who acted as the brokers in the deal. Their roles were crucial in facilitating this sale within the specified market.