RJ Capital Acquires Development Site In Columbia Street For $3.7M

A development site located at 55-61 Summit Street in the Columbia Street Waterfront District of Brooklyn has been sold for a price of $3,725,000. The site has a buildable square footage (BSF) of 17,600, resulting in a price per BSF of $211. It was acquired by RJ Capital, a company affiliated with the Abramov Family, while the seller consisted of Pilot Real Estate and Horrigan Companies, with Chris Horrigan representing the firms.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,725,000
• Address: 55-61 Summit Street
• Market: Columbia Street Waterfront District
• BSF: 17,600
• PPBSF: $211

Dan Marks, Peter Matheos, and Mike Rafter from TerraCRG acted as the brokers in this deal, representing the buyer and seller. They played a crucial role in facilitating the transaction and ensuring a smooth process for both parties involved.