Charles Scaturro Sells Development Site In Williamsburg Brooklyn For $3.5 Million

The property asset involved in the transaction is a development site located at 653 Grand Street in Williamsburg, Brooklyn. The asset comprises 1 commercial unit and 2 residential units, with a sale price of $3,500,000. The building features a total built square footage of 10,000, equating to a price per built square foot of $350. Additionally, the property has a total square footage of 4,750, with a price per square foot of $736.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,500,000
• Address: 653 Grand Street
• Market: Williamsburg, Brooklyn
• Built Square Footage: 10,000
• Price Per Built Square Foot: $350
• Total Square Footage: 4,750
• Price Per Square Foot: $736
• Seller: Charles Scaturro
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

The deal involved key individuals including the seller, Charles Scaturro, and a team of brokers representing the transaction, notably Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. The brokers are affiliated with Investment Property Realty Group (IPRG), showcasing a collaborative effort in facilitating this real estate transaction.