Rick Gropper Of Camber Property Group Purchases Development Site From Marvin Azrak For $12.2M

A development site located at 4218 Fort Hamilton Parkway in Borough Park, Brooklyn was sold for $12,200,000. The property has a building square footage of 25,150 and a price per building square foot of $485. The site encompasses a total square footage of 7,972, with a price per square foot of $1,530.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,200,000
• Buyer: Rick Gropper - Camber Property Group
• Seller: Marvin Azrak - Maguire Capital Group
• BSF: 25,150
• PPBSF: $485
• SF: 7,972
• PPSF: $1,530

Rick Gropper represented Camber Property Group in the acquisition, while Marvin Azrak represented Maguire Capital Group, marking a significant development investment in the Borough Park area.