Yaniv Garbo Purchases Development Site At 143 9th Street From Carmen Fernandez For $1.5M

The development site located at 143 9th Street in Brooklyn was sold for $1,500,000. The property features a building square footage of 2,820 and boasts a price per square foot of $531. The overall building square footage is 5,000, and the property achieved a price per buildable square foot of $300.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,500,000
• Address: 143 9th Street
• Market: Brooklyn
• Building Square Feet: 2,820
• Price Per Square Foot: $531
• Buildable Square Feet: 5,000
• Price Per Buildable Square Foot: $300
• Buyer: Yaniv Garbo
• Seller: Carmen Fernandez
• Broker Representatives: Jesse Kay & Jakub Nowak - Marcus & Millichap

The transaction was facilitated by Jesse Kay and Jakub Nowak from Marcus & Millichap, who conducted a comprehensive marketing campaign across New York. This effort led to the property achieving a record local area price at $300 per buildable square foot, indicating effective outreach even in secondary locations within the Gowanus area.