Poise Property Group Acquires Development Site From St. John's Roman Catholic Church For $12M

The asset involved in this transaction is a development site located at 259 22nd Street in the Brooklyn market. The sale price was $12,000,000 with a built square footage (BSF) of 44,400, resulting in a price per built square foot (PPBSF) of $270.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Address: 259 22nd Street
• Market: Brooklyn
• BSF: 44,400
• PPBSF: $270
• Buyer: Poise Property Group
• Buyer's Representatives: Val Katayev & Daniel Kaykov
• Seller: St. John's Roman Catholic Church
• Brokers: Jack Murpy, Brad Burton, Guthrie Garvin, Brendan Maddigan & Connor McCullough - JLL

The key individuals involved in this transaction include representatives from Poise Property Group, specifically Val Katayev and Daniel Kaykov, who are looking to acquire more development sites in the near future. The transaction also featured multiple brokers from JLL, enhancing the negotiation and completion of the sale.