Ariel Property Advisors Facilitates $7.5M Sale Of Development Site In Park Slope

A development site located at 306 6th Avenue in Park Slope has been sold for a price of $7,500,000. The property spans a total of 14,400 square feet, with a price per buildable square foot (PPBSF) of $521. The sale was facilitated by Michael Tortorici, Sean R. Kelly, Stephen Vorvolakos, and Nicole Daniggelis of Ariel Property Advisors.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Address: 306 6th Avenue
• Market: Park Slope
• BSF: 14,400
• PPBSF: $521

The brokers involved in the deal were Michael Tortorici, Sean R. Kelly, Stephen Vorvolakos, and Nicole Daniggelis from Ariel Property Advisors. They successfully facilitated the sale, ensuring a smooth transaction for both the buyer and seller.