Oleg Krasnitskiy Acquires Development Site On Ocean Avenue For $4.25M

A development site located at 608 Ocean Avenue in New York City has been sold for a price of $4,250,000. The property spans a total of 22,500 square feet and has a price per buildable square foot (PPBSF) of $190. The transaction took place on December 19, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,250,000
• Address: 608 Ocean Avenue
• Market: New York City
• BSF: 22,500
• PPBSF: $190

Oleg Krasnitskiy is the buyer of the property, while the seller is Kfir Klausner. The deal was facilitated by brokers Daniel Lebor and Andrew Manasia from Terra CRG.