A development site located at 978 Kent Avenue in Bedford-Stuyvesant has been sold for a price of $1,750,000. The property spans 8,394 square feet, resulting in a price per square foot of $208. The seller, Frank Ruggiero, successfully closed the deal with the buyer, Yosef Beer and Mark Jankovitz. The property was represented by brokers DJ Johnston and Michael Murphy from the Johnston Team at B6 Real Estate.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,750,000
• Address: 978 Kent Avenue
• Market: Bedford-Stuyvesant
• Square Footage: 8,394

This successful transaction was facilitated by DJ Johnston and Michael Murphy, the brokers representing the buyer and seller, respectively. The property, with a width of 24 feet and a floor area ratio (FAR) of 3.45, offers significant development potential. It is worth noting that the site attracted the attention of the buyers, Yosef Beer and Mark Jankovitz, who recognized its value and decided to close the deal.