Pintchik Family Sells Development Site At 358 Flatbush Avenue For $18.11M

358 Flatbush Avenue is a development site located in Brooklyn, sold for $18,112,109. The site encompasses 40,554 buildable square feet, resulting in a price per buildable square foot of approximately $447. It also includes 5,965 square feet of actual space, with a price per square foot of $3,036.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,112,109
• Address: 358 Flatbush Avenue
• Market: Brooklyn
• Buildable Square Feet: 40,554
• Price Per Buildable Square Foot: $447
• Square Feet: 5,965
• Price Per Square Foot: $3,036
• Seller: Pintchik Family
• Buyer & Seller's Rep: Sadya Liberow & Shariel Benshar - Asset CRG Advisors

Sadya Liberow and Shariel Benshar from Asset CRG Advisors represented the seller in this transaction. The deal was structured as a ground lease with a purchase option and included plans for a 65-unit mixed-use development. The transaction involved over 16,000 square feet of transferred air rights from neighboring properties, emphasizing the strategic value of expert broker representation in complex real estate transactions.