MCB Real Estate & Osiris Ventures Acquire Development Site At 458 86th Street For $47.5M

The development site located at 458 86th Street in Brooklyn has been sold for a sum of $47,500,000. The asset spans a total area of 110,000 square feet, resulting in a price per square foot of $431.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $47,500,000
• Address: 458 86th Street
• Market: Brooklyn
• Buyer: MCB Real Estate & Osiris Ventures
• Seller: ASG Equities
• Brokers: Ethan Stanton, Jeffrey (Jeff) Julien, Michael Mazzara & Brendan Maddigan - JLL

This transaction involved MCB Real Estate and Osiris Ventures acquiring the property from ASG Equities, facilitated by the brokerage team from JLL. The involvement of multiple brokers highlights the collaborative efforts in managing the deal effectively.