Edward Glazarov Acquires Development Site In Flatbush, Brooklyn For $1.7M

A development site located at 593 East 17th Street in Flatbush, Brooklyn has been sold for a total price of $1,687,500. The site, with a buildable area of 10,361 square feet and a price per buildable square foot (PPBSF) of $163, offers the potential for the construction of four units. The purchase price per unit (PPU) stands at $421,875. The transaction involved the seller, Arastu Chaudhury, and the buyer, Edward Glazarov.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,687,500
• Buildable Square Footage: 10,361
• PPBSF: $163
• Units: 4
• PPU: $421,875
• Seller: Arastu Chaudhury
• Buyer: Edward Glazarov

The sale was facilitated by brokers Shaun Riney, Dan Greenblatt, and Zalman Yarmush from Marcus & Millichap. Their expertise and assistance were essential in completing this deal.