Pintchik Family Sells Development Site At 358 Flatbush Avenue For $18.11M
New York
See Similar DealsPintchik Family Sells Development Site At 358 Flatbush Avenue For $18.11M
358 Flatbush Avenue
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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.
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