Barish Wagschal Purchases Development Site At 555 Liberty Avenue From Chad Nelson For $2.725M

The transaction involved a development site located at 555 Liberty Avenue in East New York, Brooklyn. The sale price was $2,725,000, with a building square footage of 7,500 and a price per square foot of $363. The site had a total of 22,374 buildable square feet, priced at $121 per buildable square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,725,000
• Buyer: Barish Wagschal - Wagstone Capital
• Seller: Chad Nelson
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds & Brian Davila - Investment Property Realty Group (IPRG)

The deal involved multiple brokers from Investment Property Realty Group, including Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila, facilitating the transaction on behalf of the buyer and seller. This collaboration highlights the involvement of key professionals in the successful closing of the deal.