Barry Shor & Jacob Scherman Acquire Development Site In Prospect Lefferts Gardens, Brooklyn

A development site in Prospect Lefferts Gardens, Brooklyn has been sold for $1,125,000. The property, located at 404 Midwood St., spans 8,500 square feet and is slated to be developed into a 10-unit boutique condominium building. The sale price translates to a price-per-square-foot value of $132.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,125,000
• Date: 11/16/2021
• Address: 404 Midwood St.
• Market: Prospect Lefferts Gardens, Brooklyn
• Buyer: Barry Shor & Jacob Scherman
• Seller: Arrindell Zenobia
• BSF (Buildable Square Feet): 8,500
• PPBSF (Price Per Buildable Square Foot): $132

The buyer, Barry Shor, along with Jacob Scherman, purchased the property in an off-market cash deal. The buyer's representative is HomeLand Property Group. Barry and Jacob are actively seeking lands for development, rental properties, or fix-and-flip deals in Brooklyn, Queens, and the Bronx. They can be reached via Barry's cell at 929-269-3044 or through email at [email protected].