New Empire Real Estate Acquires Development Site In Prospect Lefferts Gardens For $18M | 757-767 Flatbush Avenue | Jonathan Faxon, Patrick Madigan, Steven Rutman, Stephen Palmese, Michael Mazzara | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

106,774 sqft

New Empire Real Estate has acquired a development site located at 757-767 Flatbush Avenue in Prospect Lefferts Gardens. The property, situated in a vibrant market, offers significant potential for future development.

Summary of transaction details

Property Type: Development Site
Date: 10/24/2022
Address: 757-767 Flatbush Avenue
Market: Prospect Lefferts Gardens
Buyer: New Empire Real Estate
Brokers: Steven Rutman, Stephen Palmese, Michael Mazzara, Pat Madigan & Jonathan Faxon - JLL
Sale Price: $18,000,000
BSF (Building Square Footage): 106,774
PPBSF (Price Per Building Square Foot): $169

The deal was facilitated by the brokers involved, including Steven Rutman, Stephen Palmese, Michael Mazzara, Pat Madigan, and Jonathan Faxon of JLL. Their expertise and negotiation skills contributed to the successful completion of the transaction.

Players

All
6

Agents
5
Agencies
1

$160.4M Sold

$328.2M Sold

Director, Capital Markets

$5.6B Sold

$3B Sold

$2.4B Sold

Details

Deal Summary

SOLD

IMAGE: Steven Rutman, Stephen Palmese, Michael Mazzara, Pat Madigan & Jonathan Faxon DATE: 10/24/2022 ADDRESS: 757-767 Flatbush Avenue MARKET: Prospect Lefferts Gardens ASSET TYPE: Development Site BUYER: New Empire Real Estate (@NewEmpireCorp) BROKERS: Steven Rutman (@StevenRutman), Stephen Palmese (@StephenPalmese), Michael Mazzara (@Mmazz129), Pat Madigan (@PfMadigan) & Jonathan Faxon (@J_Faxon) - JLL (@JLL) SALE PRICE: $18,000,000 BSF: 106,774 ~ PPBSF: $169

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Address757-767 Flatbush Avenue

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