An development site located at 53 Stanhope Street in Bushwick, Brooklyn has been sold in a recent transaction. The property, spanning 2,500 square feet, was acquired by Arkadiy Nagorev for a sale price of $1,100,000. The per square foot price stands at $440, and the building square footage is 5,500 with a price per buildable square foot of $200. The sale was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila of Investment Property Realty Group (IPRG).

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,100,000
• Square Footage: 2,500
• Price per Square Foot: $440
• Building Square Footage: 5,500
• Price per Buildable Square Foot: $200
• Address: 53 Stanhope Street, Bushwick, Brooklyn
• Buyer: Arkadiy Nagorev
• Seller: Mendy Schwimmer
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila - Investment Property Realty Group (IPRG)

The successful transaction was completed with Arkadiy Nagorev as the buyer and Mendy Schwimmer as the seller. The deal was facilitated by the experienced team of brokers from Investment Property Realty Group (IPRG) - Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila. This sale marks another successful transaction for the real estate brokerage.