Kirk Goodrich Of Monadnock Development Acquires Development Site From Brookdale Hospital For $11.2M

The development site at 86 East 49th Street in East Flatbush, Brooklyn was sold for $11,200,000. The property encompasses a total of 415,944 BSF, which translates to a price per BSF of $27. The transaction involved two parcels, contributing to the property’s overall value within the local market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,200,000
• Buyer: Kirk Goodrich - Monadnock Development
• Seller: Brookdale Hospital Medical Center
• Loan Amount: $244.6 million
• Market: East Flatbush, Brooklyn

Kirk Goodrich represented Monadnock Development in the acquisition of the property, while Brookdale Hospital Medical Center was the seller. The deal included a substantial construction loan secured from the New York State Housing Finance Agency, intended to support a planned ground-up development on the site.