United American Land Acquires Development Site In Brooklyn Heights For $5.68M

A development site located at 455 Fulton Street in Brooklyn Heights has been sold for a total price of $5,680,125. The property, which is zoned as C6-4.5 and DB, spans a lot size of 19.92 ft x 117.92 ft (2,299 SF). The buyer, United American Land, acquired the site from Solil Management in a closed transaction.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,680,125
• Market: Brooklyn Heights
• Zoning: C6-4.5, DB
• Address: 455 Fulton Street

United American Land acted as the purchaser in the deal, while Solil Management served as the seller. The sale of this development site signifies a significant transaction in the Brooklyn Heights market. The property, with a buildable square footage (BSF) of 27,588 and a price per buildable square foot (PPBSF) of $205, offers potential for future development opportunities. This transaction demonstrates the continued interest and investment in the Brooklyn real estate market.