Rogers Development Acquires Development Site From JJL Development For $13.5 Million In Brooklyn

The development site located at 873 Grand Street & 875 Grand Street in Brooklyn has been sold for a transaction price of $13,500,000. The total square footage of the asset is 7,500, resulting in a price per square foot of $1,800.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,500,000
• Square Footage: 7,500
• Price Per Square Foot: $1,800
• Buyer: Rogers Development
• Seller: JJL Development
• Broker: Elli Khafizov - Atlas Realty Group
• Date Closed: 3/5/2026
• Market: Brooklyn

The deal was facilitated by broker Elli Khafizov from Atlas Realty Group, who played a significant role in closing this record-breaking transaction in East Williamsburg within 30 days. Brokers like Khafizov are available for inquiries about selling vacant properties throughout NYC.