Slavic Shimonov Acquires Development Site At 481 Monroe Street Brooklyn For $1.125M

The development site located at 481 Monroe Street in Brooklyn was sold for $1,125,000. The property spans a total of 5,034 square feet, priced at $223 per square foot. It was delivered vacant and in as-is condition, featuring two and a half stories built and in a mid-construction state.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,125,000
• Buyer: Slavic Shimonov
• Seller: Victor Nissim - Gsn Lng Venture 2
• Brokers: Sadya Liberow, Jonathan Aronov & Isaac Matayev - Asset CRG Advisors
• Building Square Feet (BSF): 4,500
• Price Per Building Square Foot (PPBSF): $250
• Square Feet (SF): 5,034
• Price Per Square Foot (PPSF): $223

Asset CRG Advisors executed the transaction, facilitating the sale within three weeks of contract signing and within seven days of foreclosure auction. The brokers involved were Sadya Liberow, Jonathan Aronov, and Isaac Matayev.