The Braver Family Acquires Development Site From BLDG Management In Jamaica For $18.5M

The property sold is a development site located at 89-41 164th Street in Jamaica, with a total sale price of $18,500,000. The site encompasses a building square footage (BSF) of 175,943, resulting in a price per building square foot (PPBSF) of $105.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,500,000
• Buyer: The Braver Family
• Seller: BLDG Management
• Market: Jamaica
• BSF: 175,943
• PPBSF: $105

The transaction involved brokers Daniel O'Brien, Caroline Hodes, Jeff Fishman, and Danny Jones from Newmark, representing the sale between The Braver Family and BLDG Management.