Fried Family Acquires Development Site At 9318 Avenue D From Laedi Family For $905,180

The property asset involved in this transaction is a development site located at 9318 Avenue D in Brooklyn's Canarsie neighborhood. The site has a sale price of $905,180 and a buildable square footage totaling 10,330, resulting in a price per buildable square foot of $87. It was originally approved for a 7-unit residential building with 3 parking spaces, encompassing 6,887 buildable SF, but under the City of Yes zoning, the site's buildable square footage has been expanded to allow for the potential development of up to 15 residential units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $905,180
• Address: 9318 Avenue D
• Market: Brooklyn
• Buildable Square Feet: 10,330
• Price Per Buildable Square Foot: $87
• Buyer: Fried Family
• Seller: Laedi Family
• Brokers: Sadya Liberow & Natali Gil - Asset CRG Advisors

Sadya Liberow and Natali Gil represented Asset CRG Advisors in facilitating this transaction, highlighting their expertise in closing real estate deals within the boroughs. Their coordination with the Fried Family and Laedi Family played a critical role in bringing this development opportunity to fruition.