Jacob Kohn Acquires Development Site On Metropolitan Ave In Brooklyn For $9.75M

A development site located at 808 Metropolitan Ave. in Brooklyn has been sold in a recent transaction. The property, with a sale price of $9,750,000, is a significant asset in the market. With a building square footage (BSF) of 52,000, the price per building square footage (PPBSF) stands at $187, reflecting the value of the property.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,750,000
• Address: 808 Metropolitan Ave.
• Market: Brooklyn

The deal involved Jacob Kohn as the buyer and Speedway represented by Beth Hunter as the seller. The brokerage firm Ackman-Ziff facilitated the transaction with Andrew Sasson and Chad Sinsheimer serving as the brokers. Their roles were crucial in ensuring the successful completion of the deal.