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Baruch Guttman And Ben Ribiat Acquire Vacant Building/Development Site In Brooklyn For $3.5M

Property Image
SOLD
$3,500,000
JG
MR
Hershy Deutsch
+ 1

New York

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Development Site17,659 SF
Sold 02/10/2018
the dealplayerscompscontact
Property Image
SOLD

Baruch Guttman And Ben Ribiat Acquire Vacant Building/Development Site In Brooklyn For $3.5M

707 Willoughby Avenue, Brooklyn, New York 11206, United States

See Similar Deals
Development Site17,659 SF
Sold 02/10/2018
JG
MR
Hershy Deutsch
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$198
Total Square Footage:17,659 SF
Transaction Type:Sale

A vacant building/development site located at 705-707 Willoughby Ave, Brooklyn, NY, has been sold for a price of $3,500,000. The property has a total square footage of 17,659 sf, with a price per square foot of $200. The transaction took place in the Brooklyn market in New York.

Summary of transaction details

  • Property Type: Vacant building/Development site
  • Transaction Amount: $3,500,000
  • Address: 705-707 Willoughby Ave, Brooklyn, NY
  • Market: Brooklyn, New York
  • Square Footage: 17,659 sf
  • Price Per Square Foot: $200

The property was sold by Steven Goldche to Baruch Guttman, Ben Ribiat, and Vision Development. Baruch Guttman and Ben Ribiat, along with their company Vision Development, acted as the buyers in the transaction. The sellers were represented by Meir Reintz, Joel Gluck, Pinchus Minzer, and Hershy Deutsch from Evergreen Realty.

The buyers have plans to develop a 21-unit condo building on the site, with demolition plans already filed.

Players

JG
Joel Gluck
3 deals$26.5M volume
BROKER
MR
Meir Reintz
1 deal$3.5M volume
BROKER
Hershy Deutsch
Hershy Deutsch
1 deal$3.5M volume
BROKER
PM
Pinchus Minzer
1 deal$3.5M volume
BROKER

Details

SOLD
IMAGE: Ben Ribiat and Baruch Guttman DATE: 02/10/2018 ADDRESS: 705-707 Willoughby Ave Brooklyn NY @thewillart CITY: New York MARKET: Brooklyn ASSET TYPE: Vacant building/Development site PRICE: $3,500,000 BSF: 17,659 sf ~ PPBSF: $200 SELLER: Steven Goldche BUYER: Baruch Guttman @baruchguttman Ben Ribiat @benribiat and (Vision Development @visiondevelopment) @visionestateholdings Sellers-Steven goldche BROKER: @evergreenrealty Meir Reintz, Joel Gluck, Pinchus Minzer @pinnyminzer , Hershy Deutsch @heshyd NOTE: Buyers plans to develop a 21 unit Condo Building, with Demo plans already filed.

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