Blacklist Capital Acquires Development Site In East Flatbush For $1.55M

A development site located at 3511 Farragut Rd. in East Flatbush has been sold for a price of $1,550,000. The property, expected to be completed in Winter 2022, is classified as an 18-unit multifamily development site. It has a building square footage of 12,000 and a price per building square foot (PPBSF) of $129.

Summary of transaction details

• Property Type: Development Site (18-Unit Multifamily)
• Transaction Amount: $1,550,000
• Building Square Footage: 12,000
• Price Per Building Square Foot (PPBSF): $129
• Address: 3511 Farragut Rd.
• Market: East Flatbush

The buyer of the property is Blacklist Capital represented by Fahad Rajput. The seller is Emilia Colon. Asset Commercial Realty Group, with Sadya Liberow as their representative, acted as the broker for this transaction.