Guy Iber Acquires Development Site At 68-72 Freeman Street In Brooklyn For $7.2M

The transaction involves a development site located at 68-72 Freeman Street in Brooklyn, which was sold for a total price of $7,200,000. The building features a total square footage of 7,500 and a building square footage of 15,000, resulting in a price per square foot of $960 and a price per building square foot of $480.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,200,000
• Buyer: Guy Iber
• Seller: Richard Kralstein
• Brokers: Jakub Nowak & Thomas Brennan - Marcus & Millichap
• Date of Sale: 4/15/2026

The deal was facilitated by brokers Jakub Nowak and Thomas Brennan from Marcus & Millichap, with notable contributions from Richard Kralstein, the seller, who praised Jakub for his persistence, honesty, and negotiation skills throughout the challenging process.