Weinstock Family Purchases Development Site At 11 Van Buren Street From Shahravan Family For $1.075M

This development site located at 11 Van Buren Street in Brooklyn was sold for $1,075,000. The property offers a total of 6,075 buildable square feet on a 2,025 square foot lot. The site previously had approved plans for a four-story building consisting of 8 residential units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,075,000
• Buyer: Weinstock Family
• Seller: Shahravan Family
• Brokers: Sadya Liberow & Natali Gil - Asset CRG Advisors
• Buildable Square Footage: 6,075
• Price Per Buildable Square Foot: $177
• Lot Size: 2,025 square feet

Sadya Liberow and Natali Gil represented Asset CRG Advisors in this transaction. The company specializes in boutique developments and is actively marketing several other properties in the boroughs.