Abie Weiss Purchases Development Site At 703 Myrtle Avenue Bedford-Stuyvesant From Jake Levy For $10.8M

The property asset involved in the transaction is a development site located at 703 Myrtle Avenue in the Bedford-Stuyvesant market. The sale price was $10,800,000, and the building has a gross square footage (BSF) of 36,204, resulting in a price per BSF of $298. The property also features a square footage (SF) of 8,620, which equates to a price per square foot (PPSF) of $1,252.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,800,000
• Gross Square Footage: 36,204
• Price per BSF: $298
• Square Footage: 8,620
• Price per SF: $1,252
• Buyer: Abie Weiss
• Seller: Jake Levy
• Brokers: Dylan Walsh, Jonathan Squires, Nick Kolbus & Tyler Morss - Cushman & Wakefield

This transaction involved key individuals including buyer Abie Weiss and seller Jake Levy, with representation by brokers from Cushman & Wakefield. The brokerage firm has achieved the sale of over 1,000,000 BSF in the outer boroughs this year, indicating a significant level of activity in the market.