Slavin Family Sells Development Site At 704 Lefferts Avenue In Brooklyn For $1.1 Million

The property involved in this transaction is a vacant development site located at 704 Lefferts Avenue, Brooklyn. The site measures 25 x 110 and lies within an R6 zoning district. It has previously approved plans for a six-story, seven-unit building with a total gross square footage of 8,181. The property was sold for $1,100,000, equating to a price of $134 per Buildable SF.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,100,000
• Square Footage: 8,181
• Price per Square Foot: $134
• Address: 704 Lefferts Avenue
• Market: Brooklyn
• Seller: Slavin Family
• Buyer's Representative: Sadya Liberow - Asset CRG Advisors
• Seller's Representative: Joseph Rosenfeld - Beacon Investment Sales & Advisory

The transaction was facilitated by Sadya Liberow from Asset CRG Advisors representing the buyer and Joseph Rosenfeld from Beacon Investment Sales & Advisory representing the seller. Both brokers played key roles in finalizing the deal for the property located between Albany Avenue and Troy Avenue in Crown Heights, Brooklyn.