Lui Family Purchases Development Site From Zadeh Family At 1189 Fulton Street For $1.5M

1189 Fulton Street is a development site located in Brooklyn's Bedford-Stuyvesant neighborhood. The property was sold for a total of $1,500,000, which translates to $168 per buildable square foot. It consists of 8,904 square feet and was delivered vacant without any plans.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,500,000
• Address: 1189 Fulton Street
• Market: Brooklyn
• Buildable Square Footage: 8,904
• Price per Buildable Square Foot: $168
• Buyer: Lui family
• Seller: Zadeh family
• Seller's Representative: Sadya Liberow & Natali Gil - Asset CRG Advisors

Sadya Liberow and Natali Gil, representatives from Asset CRG Advisors, facilitated the transaction for the Zadeh family. Asset CRG Advisors is actively marketing several other development sites in the vicinity for potential buyers or sellers.