Baitul Mamur Masjid Acquires Development Site At 352 Pine Street Brooklyn For $3.5M

The property involved in the transaction is a development site located at 352 Pine Street in Brooklyn. The site, initially marketed as an R7A development opportunity, features a sale price of $3,500,000. It has a buildable square footage (BSF) of 42,301 and a total square footage (SF) of 9,196, translating to a price per buildable square foot (PPBSF) of $82 and a price per square foot (PPSF) of $380.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,500,000
• Buyer: Baitul Mamur Masjid
• Seller: David Massa
• Market: Brooklyn
• Brokers: Thomas Brennan & Jakub Nowak - Marcus & Millichap
• BSF: 42,301
• PPBSF: $82
• SF: 9,196
• PPSF: $380

The successful closing of this transaction was facilitated by Thomas Brennan and Jakub Nowak of Marcus & Millichap, representing the buyer, Baitul Mamur Masjid. The acquisition was an all-cash, no-contingency transaction aimed at expanding the buyer's religious programs.