Arik Bar Chaim Of Building BK Acquires Development Site From The Graham Family For $1.825M

The asset involved in this transaction is a development site located at 652 Greene Avenue in Bedford Stuyvesant, Brooklyn. The sale price for the property was $1,825,000, with a building square footage of 8,000, resulting in a price per building square foot of $228.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,825,000
• Address: 652 Greene Avenue
• Market: Bedford Stuyvesant, Brooklyn
• BSF: 8,000
• Price Per BSF: $228
• Buyer: Arik Bar Chaim
• Buyer's Company: Building BK
• Seller: The Graham Family
• Brokers: John Lopez, Shaun Riney & Daniel Greenblatt
• Brokerage Firm: Marcus & Millichap

The transaction was facilitated by John Lopez, Shaun Riney, and Daniel Greenblatt, who represented the sellers in the deal through their affiliation with Marcus & Millichap. This team can be contacted for further inquiries concerning similar development sites or the impact of the City of Yes on land values across Brooklyn.