Skyway Equities Acquires Development Site In Clinton Hill For $9.9M

A development site located at 927 Atlantic Avenue in Clinton Hill has been sold in a closed transaction. The property, spanning 22,300 square feet, was sold for a total price of $9,900,000, resulting in a price per square foot of $444.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,900,000
• Address: 927 Atlantic Avenue, Clinton Hill
• Market: Clinton Hill
• Buyer: Skyway Equities - Gustavo Tome & Isidore Karten
• Seller: Hirshmark Capital - Igor Vaysburg
• Brokers: Yosef Katz, Erik Yankelovich, Shlomo Antebi & Natan Safdieh - Atlas Realty Group Partners LLC
• SF: 22,300
• PPSF: $444

Atlas Realty Group Partners LLC represented the construction lender of this property, facilitating the successful sale of the stalled development site.