Avraham Ben Hamo Acquires Development Site At 850 Saint Johns Place In Brooklyn For $1.325M

The property involved in this transaction is a development site located at 850 Saint Johns Place in Brooklyn. The sale price of the asset was $1,325,000, encompassing a total square footage of 3,080, which translates to a price per square foot of $430.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $1,325,000
• Address: 850 Saint Johns Place
• Market: Brooklyn
• Square Footage: 3,080
• Price Per Square Foot: $430
• Buyer's Name: Avraham Ben Hamo
• Buyer's Representative: DJ Johnston - Matthews
• Seller's Representatives: Thomas Donovan, Eugene Kim & Tommy Lin - Meridian Capital Group

The deal was facilitated by DJ Johnston representing Avraham Ben Hamo as the buyer, while the seller was represented by Thomas Donovan, Eugene Kim, and Tommy Lin. According to the seller's representative, the building was delivered completely vacant and is in need of substantial rehabilitation; it will be redeveloped and vertically extended.