David Kramer's Hudson Companies Acquires Development Site In Crown Heights For $41.5M

A development site located at 975 Nostrand Avenue in Crown Heights has been sold for $41,500,000. The property, which spans 211,976 square feet, is zoned as R7-1 and C2-3. The site has dimensions of 239.92 ft x 187.5 ft.

Summary of transaction details

• Property Type: Development Site 🏗
• Transaction Amount: $41,500,000
• Market: Crown Heights
• Zoning: R7-1, C2-3

The buyer of the property is David Kramer from The Hudson Companies, while the seller is John Usdan from Midwood Investment & Development. The deal was facilitated by brokers Daniel O’Brien, Adam Spies, Josh King, Marcella Fasulo, and Caroline Hodes from Cushman & Wakefield.