Chess Builders Acquires Development Site At 56 Meserole Street For $19.6 Million

The development site located at 56 Meserole Street & 346 Lorimer Street in Brooklyn has been sold for a total price of $19,600,000. The property spans a building square footage (BSF) of 44,000, with a price per building square foot (PPBSF) of $445. The site encompasses a total square footage (SF) of 20,000, with a price per square foot (PPSF) of $980.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $19,600,000
• Buyer: Chess Builders
• Seller: Estate of Gregory Pasternak
• Seller's Representative: Thomas Horodecki - Capri Jet Realty

The transaction involved Chess Builders as the buyer and the Estate of Gregory Pasternak as the seller, with Thomas Horodecki representing the seller through Capri Jet Realty. This closing reinforces the active real estate market within Brooklyn.