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Rich Lam Purchases Development Site At 337 Atlantic Avenue Brooklyn For $2.5M With Jon Kamali And Louis Puopolo As Brokers

Property Image
SOLD
$2,500,000
Louis Puopolo
Jon Kamali

New York

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Development Site2,362 SF
Sold 09/09/2025
the dealplayerscompscontact
Property Image
SOLD

Rich Lam Purchases Development Site At 337 Atlantic Avenue Brooklyn For $2.5M With Jon Kamali And Louis Puopolo As Brokers

337 Atlantic Avenue

See Similar Deals
Development Site2,362 SF
Sold 09/09/2025
Louis Puopolo
Jon Kamali
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,058
Total Square Footage:2,362 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 337 Atlantic Avenue in the Brooklyn market. The asset was sold for a total price of $2,500,000. It encompasses a total square footage of 2,362, resulting in a price per square foot of $1,058.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 337 Atlantic Avenue
  • Market: Brooklyn
  • Square Footage: 2,362
  • Price per Square Foot: $1,058
  • Buyer: Rich Lam
  • Seller: Nam Cha
  • Buyer's Representative: Jon Kamali - J3K Real Estate
  • Seller's Representative: Louis Puopolo - Douglas Elliman Commercial

This transaction was facilitated by Jon Kamali representing the buyer, Rich Lam, and Louis Puopolo serving as the representative for the seller, Nam Cha. Their involvement highlights the significant roles played by both parties in successfully executing this sale.

Players

Jon Kamali
J3K Real Estate
Jon Kamali
31 deals$139.3M volume
BROKER
Louis Puopolo
Douglas Elliman
Louis Puopolo
8 deals$29.5M volume(917) 374-0099
BROKER
J3K Real Estate
J3K Real Estate
BROKERAGE
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Jon Kamali & Louis Puopolo DATE: 9/08/2025 ADDRESS: 337 Atlantic Avenue MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Rich Lam SELLER: Nam Cha BUYER'S REP: Jon Kamali (@TheRealJonka) - J3K Real Estate (@J3K_RE) SELLER'S REP: Louis Puopolo (@louispuopolo) - Douglas Elliman Commercial (@DouglasElliman) SALE PRICE: $2,500,000 SF: 2,362 ~ PPSF: $1,058

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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