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Brodsky Family Acquires Development Site From Wolf Family In Brooklyn For $15M

Property Image
SOLD
$15,000,000

New York

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Development Site10,284 SF
Sold 09/26/2025
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Property Image
SOLD

Brodsky Family Acquires Development Site From Wolf Family In Brooklyn For $15M

38 44 State Street

See Similar Deals
Development Site10,284 SF
Sold 09/26/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,458
Total Square Footage:10,284 SF
Transaction Type:Sale

The transaction involved a development site located at 38-44 State Street in Brooklyn, which was acquired for $15,000,000. The property encompasses a building square footage (BSF) of 30,522 and a saleable floor area (SF) of 10,284, with a price per building square foot (PPBSF) of $491 and a price per square foot (PPSF) of $1,458.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $15,000,000
  • Address: 38-44 State Street
  • Market: Brooklyn
  • Buyer's Name: Brodsky Family
  • Seller's Name: Wolf Family
  • Buyer's Representative: Michael Zats - Brooklyn Heights Real Estate

This transaction was conducted off-market and highlights the ongoing opportunities in prime Brooklyn Heights. Michael Zats, the buyer's representative, indicates future potential for buyers and sellers in the development site market.

Players

Michael Zats
Brooklyn Heights Real Estate
Michael Zats
5 deals$25.6M volume(917) 679-1516
BROKER
Brooklyn Heights Real Estate
Brooklyn Heights Real Estate
BROKERAGE

Details

SOLD
IMAGE: Michael Zats DATE: 9/26/2025 ADDRESS: 38-44 State Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Brodsky Family SELLER: Wolf Family BUYER'S REP: Michael Zats (@Zatsbk) - Brooklyn Heights Real Estate (@BrooklynHeights_RealEstate) SALE PRICE: $15,000,000 BSF: 30,522 ~ PPBSF: $491 SF: 10,284 ~ PPSF: $1,458 NOTE FROM BUYER'S REP: This deal was done OFF MARKET in Prime Brooklyn Heights Brooklyn. Please reach out for more opportunities if you're looking to Buy or Sell Development Sites. Please call me at 917-679-1516 or email [email protected]

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