Avery Hall Acquires Development Site At 1550 Bedford Avenue Brooklyn For $10.1M

The development site located at 1550 Bedford Avenue in Brooklyn was sold for $10,100,000. The property encompasses a total area of 38,500 square feet, which results in a price per buildable square foot of $262.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,100,000
• Square Footage: 38,500
• Price Per Buildable Square Foot: $262
• Address: 1550 Bedford Avenue
• Market: Brooklyn
• Buyer: Avery Hall
• Broker Representatives: Charles Kingsley, Erik Edeen, Patrick Madigan, Frederick Richter, Joseph Moran & Miles Davis-Bosch - Avison Young

The deal was facilitated by a team of brokers from Avison Young, consisting of six representatives who played a significant role in the transaction process. The collaborative efforts of Charles Kingsley, Erik Edeen, Patrick Madigan, Frederick Richter, Joseph Moran, and Miles Davis-Bosch were instrumental in successfully closing this transaction.