Allan Lebovits & Moshe Loketch Acquire Development Site In Crown Heights For $6M

Located at 817 Classon Avenue in Crown Heights, Brooklyn, the development site spans 5,000 square feet. The property was acquired for $6,000,000, equating to a price per square foot of $1,200. The transaction took place on 04/03/2024.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,000,000
• Buyer: Allan Lebovits & Moshe Loketch
• Seller: Solid Rock Pentecostal Church
• Buyer's Rep: Shay Zach - GAIA Property Group
• Seller's Rep: Steve Bodden, Roget Lerner, Valerie Cole-Davis & Jack Lerner - Ecclesiastical Realty LLC
• Market: Crown Heights, Brooklyn

The notable individuals involved in this transaction were Shay Zach from GAIA Property Group representing the buyers, and Steve Bodden, Roget Lerner, Valerie Cole-Davis, and Jack Lerner from Ecclesiastical Realty LLC representing the sellers. The deal brought together reputable professionals in the real estate industry, securing the successful sale of the development site.