Jacome Family Sells Development Site At 1098 Manhattan Avenue In Greenpoint Brooklyn For $3.8M

The asset involved in this transaction is a development site located at 1098 Manhattan Avenue in Greenpoint, Brooklyn. The sale price recorded for this property is $3,800,000, with a building square footage (BSF) of 10,000 and a price per square foot (PPBSF) of $380.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,800,000
• Address: 1098 Manhattan Avenue
• Market: Greenpoint, Brooklyn
• Building Square Footage: 10,000
• Price Per Square Foot: $380
• Seller: Jacome Family
• Broker Agency: Investment Property Realty Group (IPRG)
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, Sal Monteverde

This sale sets a price record for this section on Manhattan Avenue. The brokerage team is actively negotiating an additional three contracts along Manhattan Avenue, indicating ongoing market activity in the area.