Eli Scharf Acquires Development Site At 101-103 Luquer Street Brooklyn For $5.25M

The property asset involved in this transaction is a development site located at 101-103 Luquer Street in Brooklyn. The sale price for this site was $5,250,000, with a total building square footage of 5,217 and a price per square foot of $1,006. The site has a building size factor of 10,434 square feet, resulting in a price per building square foot of $503.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,250,000
• Address: 101-103 Luquer Street
• Market: Brooklyn
• Building Square Footage: 5,217
• Price per Square Foot: $1,006
• Building Size Factor: 10,434
• Price per Building Square Foot: $503
• Buyer: Eli Scharf
• Seller: Jennifer Deluna
• Broker: Jakub Nowak & Jesse Kay - The Nowak Group of Marcus & Millichap

This transaction highlights the roles of key individuals, with Eli Scharf acting as the buyer and Jennifer Deluna as the seller. The brokers facilitating the deal are Jakub Nowak and Jesse Kay from The Nowak Group of Marcus & Millichap, who note that this transaction sets a new price record for Carroll Gardens, indicating the continued demand for well-located residential condo development sites in Brooklyn.