Aron Schwartz Acquires Development Site In Cypress Hills, Brooklyn For $6.2M

A vacant development site located at 81 New Jersey Avenue and 2667 Fulton Street in Cypress Hills, Brooklyn has been sold in a closed transaction. The buyer, Aron Schwartz, represented by the entity 2667 Fulton LLC, purchased the vacant parcels from Abdul J. Awan for a total of $6.2 million.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,200,000
• Building Square Footage: 48,995
• Price per Square Foot: $127
• Market: Cypress Hills, Brooklyn

Aron Schwartz, through 2667 Fulton LLC, acquired the vacant parcels at 81 New Jersey Avenue and 2667 Fulton Street, adding to their development portfolio. The seller, Abdul J. Awan, completed the transaction with the buyer at the agreed price of $6.2 million.