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

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.