Yetev Lev D’Satmar Acquires Development Site In Williamsburg, Brooklyn For $9.9M

Congregation Yetev Lev D’Satmar, operating under Satmar Flushing LLC, has acquired a development site located at 437 Flushing Avenue and 433 Flushing Avenue in Williamsburg, Brooklyn. The property was purchased from Yeshiva Beis Leivy, Inc for a total of $9.9 million. The development site has a total buildable square footage (BSF) of 28,662 and a price per buildable square footage (PPBSF) of $345.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,900,000
• Address: 437 Flushing Avenue & 433 Flushing Avenue
• Market: Williamsburg, Brooklyn
• Buyer: Yetev Lev D’Satmar
• Seller: Yeshiva Beis Leivy, Inc
• BSF: 28,662
• PPBSF: $345

The buyer, Yetev Lev D’Satmar, represented by Satmar Flushing LLC, has successfully acquired the development site at 437 Flushing Avenue and 433 Flushing Avenue. The seller, Yeshiva Beis Leivy, Inc, agreed to sell the property for a total price of $9.9 million. This transaction provides Yetev Lev D’Satmar with an opportunity to develop the site according to their specific plans and requirements.