Joseph Mendeliwotz Acquires Development Site At 1259 Saint Marks Avenue For $1.8M

The asset involved in this transaction is a development site located at 1259 Saint Marks Avenue in Brooklyn. The sale price for this property was $1,800,000, with a total building square footage of 14,053, resulting in a price per building square foot of $128.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,800,000
• Address: 1259 Saint Marks Avenue
• Market: Brooklyn
• Total Building Square Footage: 14,053
• Price per Building Square Foot: $128
• Buyer: Joseph Mendeliwotz
• Seller: Basdeo Ganness
• Buyer's Representative: Patrick Dugan - Dusk Group
• Seller's Representatives: Alexandre Goulet, Dean Abouelhassan & Anand Melwani - Landair Property Advisors

This transaction featured key representatives from both sides, with Patrick Dugan acting on behalf of the buyer, Joseph Mendeliwotz, while the seller, Basdeo Ganness, was represented by Alexandre Goulet, Dean Abouelhassan, and Anand Melwani from Landair Property Advisors, highlighting a collaborative effort in the sale process.