Unicorn Properties Group Acquires Bed-Stuy Development Site On Chauncey Street For $1.05M

A development site located at 39-41 Chauncey Street in Bed-Stuy Brooklyn was recently sold for $1,050,000. The property spans 7,600 square feet and has an asking price of $1,300,000, resulting in a price per square foot of $138. The transaction took place on August 27, 2019. Yichen Chen was the seller, while Ita Nave of Unicorn Properties Group acted as the buyer in the deal. The sale was facilitated by brokers Matt Fotis, Paul Youssef, Reid Adams, and Tyler Schadt.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,050,000
• Address: 39-41 Chauncey Street
• Market: Bed-Stuy Brooklyn
• Square Footage: 7,600

Ita Nave, representing Unicorn Properties Group, acquired the development site at 39-41 Chauncey Street in Bed-Stuy Brooklyn. The deal, closed on August 27, 2019, involved seller Yichen Chen. The brokers involved in the transaction were Matt Fotis, Paul Youssef, Reid Adams, and Tyler Schadt.