The property involved in this transaction is a development site located at 60 Box Street in Brooklyn. The sale price was $2,825,000, and the asset boasts a building square footage (BSF) of 6,931 with a price per building square foot (PPBSF) of $407. Additionally, the property has a total square footage (SF) of 2,567 and a price per square foot (PPSF) of $1,100.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,825,000
• Buyer: Elizabeth Borovinsky & Ariel Shalom - Ariel Development Group
• Seller: Stuart Brenner
• Brokers: Jakub Nowak & Thomas Brennan - Marcus & Millichap

Elizabeth Borovinsky and Ariel Shalom are representatives of Ariel Development Group, a boutique real estate investment company specializing in luxury residential condominiums and townhouses in Manhattan and Brooklyn. They emphasize the alignment of strategy, design, and construction execution in their projects. The brokerage services were provided by Jakub Nowak and Thomas Brennan from Marcus & Millichap.