Development Site Sold For $22 Million In Brooklyn With Brokers Dan Marks Andrew Manasia & Daniel Lebor

The transaction involved a development site located at 536 Metropolitan Avenue, 546 Metropolitan Avenue, and 554-558 Metropolitan Avenue in Brooklyn. The sale price was $22,000,000, with a total building square footage of 21,120 and a price per square foot of $1,041. The site's total buildable square footage (BSF) stood at 72,295, translating to a price per buildable square foot (PPBSF) of $304.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $22,000,000
• BSF: 72,295
• PPBSF: $304
• SF: 21,120
• PPSF: $1,041
• Date of Transaction: 11/20/2024
• Addresses: 536 Metropolitan Avenue, 546 Metropolitan Avenue, 554-558 Metropolitan Avenue
• Market: Brooklyn

The brokers involved in the transaction were Dan Marks, Andrew Manasia, and Daniel Lebor from Terra CRG, who represented the seller in this deal.