Abe Betesh And Menachem Wilhelm Acquire Development Site In East Flatbush For $3.2M

A development site located at 906-914 East New York Ave in East Flatbush has been sold. The transaction was completed on 06/17/2020 for a sale price of $3,185,500. The property has a building square footage (BSF) of 28,080, resulting in a price per BSF (PPBSF) of $113. The seller, Trevor Robinson and Earl Small, sold the property to the buyer, Abe Betesh of Abeco Organization, and Menachem Wilhelm of Signature Management.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,185,500
• Address: 906-914 East New York Ave, East Flatbush
• BSF: 28,080
• PPBSF: $113

The buyer, Abe Betesh, represents the Abeco Organization, and Menachem Wilhelm represents Signature Management. The sale of the property was facilitated by brokers Jakub Nowak and Jason Grunberg of the Nowak Group, who are associated with Marcus & Millichap.

It is worth noting that the buyer also acquired 916 East New York Avenue, increasing the total sale price to $4.58 million and the BSF to 47,520, resulting in a price per BSF of $96.