Ibec Building Corp Sells Development Site At 1456 Bedford Avenue Brooklyn For $1.225M

1456 Bedford Avenue is a vacant development site situated in Brooklyn, specifically in Crown Heights. The property was sold for $1,225,000, boasting approximately 8,100 buildable square feet, which translates to a price per buildable square foot of $151.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,225,000
• Address: 1456 Bedford Avenue
• Market: Brooklyn
• Seller: Ibec Building Corp.
• Seller's Representative: Sadya Liberow, Natali Gil & Ilya Mirzakandov - Asset CRG Advisors
• BSF: 8,100
• Price Per BSF: $151

The sale was facilitated by Asset CRG Advisors, who successfully listed the property at a marketable price after it had been on and off the market for several years. The team was able to navigate key challenges such as an expired regulatory agreement and secured a signed contract within just 30 days of going live.