Joseph Banda & Yosef Beer Acquire Brooklyn Development Site For $2.77M

A development site located at 402 Union Avenue in Brooklyn has been sold for a total price of $2,770,000. The property spans a total area of 8,126 square feet and has a price per buildable square foot (PPBSF) of $341. The transaction took place on December 1, 2023.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,770,000
• Address: 402 Union Avenue, Brooklyn
• Market: Brooklyn
• Buyer: Joseph Banda & Yosef Beer
• Seller: Robert Weil
• Brokers: Andrew Manasia, Matthew Cosentino & Daniel (Dan) Lebor - Terra CRG
• BSF: 8,126
• PPBSF: $341

The buyer, Joseph Banda, along with Yosef Beer, acquired the development site from Robert Weil. The deal was facilitated by brokers Andrew Manasia, Matthew Cosentino, and Daniel (Dan) Lebor of Terra CRG.