Yaakov Lefkowitz & Herman Jacob Acquire Development Site In Brooklyn For $2.7M

A development site located at 375 Lefferts Ave in Brooklyn was sold in a closed transaction. The property, which spans approximately 27,880 square feet, was sold for a price of $2,700,000. The buyer of the property is Yaakov Lefkowitz & Herman Jacob, while the seller is Heller Realty. The deal was facilitated by broker Aaron Jungreis from Rosewood Realty Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,700,000
• Address: 375 Lefferts Ave
• Market: Brooklyn

According to the buyer, the plan for the property is to develop an 8-story, 41-unit rental development. This project will bring new housing options to the area, providing additional rental units for potential tenants. The buyer expresses gratitude to Aaron Jungreis for his role in making the deal happen.