Development Site At 477 Washington Avenue In Brooklyn Sold For $3 Million By Richard Velotta & Sam Perry

The property asset involved in this transaction is a development site located at 477 Washington Avenue in Brooklyn. The sale price of the property is $3,000,000, with a built square footage (BSF) of 6,420 and a price per built square foot (PPBSF) of $467. The site has a total square footage (SF) of 5,000, which translates to a price per square foot (PPSF) of $600.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• BSF: 6,420
• PPBSF: $467
• SF: 5,000
• PPSF: $600

The deal was represented by brokers Richard Velotta and Sam Perry from Raven Property Advisors, detailing the involvement of key individuals in this transaction.