Shlomo Karpen Acquires Development Site In Prospect Lefferts Garden For $20 Million

The development site located at 224-240 Clarkson Avenue in the Prospect Lefferts Garden market has been sold for $20,000,000. The site encompasses 150,300 square feet, with a price per buildable square foot of $133.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 224-240 Clarkson Avenue
• Market: Prospect Lefferts Garden
• BSF: 150,300
• PPBSF: $133
• Buyer: Shlomo Karpen
• Seller: Albert Rabizadeh
• Brokers: Shimon Shkury, Sean R. Kelly & Lawrence Sarn - Ariel Property Advisors

The transaction was facilitated by Shimon Shkury, Sean R. Kelly, and Lawrence Sarn, who represented the buyer, Shlomo Karpen, and the seller, Albert Rabizadeh, underscoring the roles of the brokers in the deal.