Jacob Schwimmer Acquires Development Site At 540 Atlantic Avenue In Boerum Hill, Brooklyn For $38.5M | 540 Atlantic Avenue | Ethan Stanton, Brendan Maddigan, Stephen Palmese, Winfield Clifford, Michael Mazzara | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

A development site located at 540 Atlantic Avenue in Boerum Hill, Brooklyn has been sold for a total of $38,500,000. The property is situated in a prime location in the Boerum Hill neighborhood, known for its vibrant community and desirable amenities. The sale represents a significant transaction in the real estate market.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $38,500,000
Date: 11/29/2023
Address: 540 Atlantic Avenue
Market: Boerum Hill, Brooklyn

The buyer of the property is Jacob Schwimmer, who made the purchase from the Pappas Family. The transaction was facilitated by Stephen Palmese, Brendan Maddigan, Winfield Clifford, Michael Mazzara, and Ethan Stanton, representing JLL. Their expertise in the real estate market contributed to the successful completion of the deal.

Players

All
6

Agents
5
Agencies
1

$2.8B Sold

$2.7B Sold

$3B Sold

$2.3B Sold

$2.4B Sold

Details

Deal Summary

SOLD

IMAGE: Winfield Clifford, Brendan Maddigan, Stephen Palmese, Michael Mazzara & Ethan Stanton DATE: 11/29/2023 ADDRESS: 540 Atlantic Avenue MARKET: Boerum Hill, Brooklyn ASSET TYPE: Development Site BUYER: Jacob Schwimmer SELLER: Pappas Family BROKERS: Stephen Palmese (@Stephen.Palmese), Brendan Maddigan (@BrendanMaddigan), Winfield Clifford, Michael Mazzara (@MMazz129) & Ethan Stanton (@Snipa_Stanton) - JLL (@JLL) SALE PRICE: $38,500,000

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Address540 Atlantic Avenue

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