Herman Jacobs Acquires Development Site In Brooklyn For $1.625M With Buyer's Rep Nathaniel Smith

The property asset involved in this transaction is a development site located at 36 Troutman Street, Brooklyn. The sale price for this asset was $1,625,000, with a building square footage (BSF) of 10,000 and a price per building square foot (PPBSF) of $162. The site also has a total square footage (SF) of 2,500 with a price per square foot (PPSF) of $650.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,625,000
• Buyer: Herman Jacobs
• Buyer’s Representative: Nathaniel Smith - FIND Real Estate
• Seller’s Representative: Daniel Mahgerefteh - Oxford Property Group
• BSF: 10,000
• PPBSF: $162
• SF: 2,500
• PPSF: $650

The deal was facilitated by Nathaniel Smith representing the buyer, ensuring the successful acquisition of the property, while Daniel Mahgerefteh represented the seller in the transaction. Their combined expertise contributed significantly to the closing of this property deal.