Adriel Bolour Acquires Development Site In Greenpoint Brooklyn From Ente Family For $2.9M

The property involved in the transaction is a development site located at 726 Manhattan Avenue in the Greenpoint area of Brooklyn. The sale price of the asset is $2,900,000, with a building square footage (BSF) of 7,500, resulting in a price per building square foot (PPBSF) of $386. The total square footage (SF) is 2,500, equating to a price per square foot (PPSF) of $1,160.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,900,000
• Address: 726 Manhattan Avenue
• Market: Greenpoint, Brooklyn
• Building Square Feet: 7,500
• Price Per Building Square Foot: $386
• Total Square Feet: 2,500
• Price Per Square Foot: $1,160
• Buyer: Adriel Bolour
• Seller: Ente Family
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

The transaction was facilitated by Investment Property Realty Group (IPRG), with the involvement of multiple brokers. The property was delivered vacant, providing an opportunity for development upon acquisition.