Elad Ben-Kimon Purchases Development Site From Horowitz Family In Williamsburg For $2.3M

The asset involved in this transaction is a development site located at 97 Devoe Street in Williamsburg, Brooklyn. The sale price for the property was $2,300,000, with a building square footage (BSF) of 5,000, resulting in a price per building square foot (PPBSF) of $460. The site also encompasses a total square footage of 2,500, equivalent to a price per square foot (PPSF) of $920.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,300,000
• Address: 97 Devoe Street
• Market: Williamsburg, Brooklyn
• Building Square Footage: 5,000
• Price per Building Square Foot: $460
• Total Square Footage: 2,500
• Price per Square Foot: $920
• Buyer: Elad Ben-Kimon
• Seller: Horowitz Family
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

This transaction highlights key individuals in the deal, with Elad Ben-Kimon acting as the buyer and the Horowitz Family as the seller. The brokerage team from Investment Property Realty Group facilitated the deal, comprising six representatives who played pivotal roles throughout the transaction process.