Bluestone Group Acquires Development Site In Borough Park, Brooklyn For $12.3M

Bluestone Group, represented by Eli Tabak of Bluestone Group, acquired the development site at 4202 Fort Hamilton Parkway in Borough Park, Brooklyn. The property, formerly owned by Samuel Pfeiffer, was sold for a price of $12,288,453. The site has a buildable square footage (BSF) of 41,693 and a price per buildable square footage (PPBSF) of $295.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,288,453
• Address: 4202 Fort Hamilton Parkway, Borough Park, Brooklyn
• Market: Borough Park, Brooklyn

Bluestone Group, represented by Eli Tabak of Bluestone Group, successfully completed the acquisition of the development site from Samuel Pfeiffer. This transaction marks an important milestone for Bluestone Group as they expand their portfolio in the vibrant Borough Park neighborhood.