Benjamin Pinover's Dragonfly Development Acquires Brooklyn Dev Site For $7.55M

The development site located at 431 - 435 Tompkins Avenue and 243 Halsey Street, as well as 429 Tompkins Avenue in Brooklyn, New York, has been sold in a closed transaction. The property is a residential condo development site with plans for residential condos. The total price for the transaction was $7.55 million, with $6 million allocated for the acquisition of 431 - 435 Tompkins Avenue and 243 Halsey Street, and an additional $1.55 million for 429 Tompkins Avenue. The property has a building square footage (BSF) of 27,750 and a price per buildable square foot (PBSF) of $272.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $7.55 million
• Address: 431 - 435 Tompkins Avenue and 243 Halsey Street, 429 Tompkins Avenue, Brooklyn, New York
• Market: Brooklyn
• Plans: Residential Condos

The sellers of the property were Herb Myers, representing 431 - 435 Tompkins Avenue and 243 Halsey Street, and Kris Kaminski, representing 429 Tompkins Avenue. The buyer in the transaction was Benjamin Pinover, who represents Dragonfly Development. The deal was facilitated by Agent Fernando Romero from Lee Odell Real Estate.