Meir Babaev, Andrew Levine, David Chase, Josh Lipton Acquire Newly Developed Mixed-Use Elevator Building In Brooklyn

The property involved in this closed transaction is a newly developed mixed-use elevator building located at 456 Grand Street in Brooklyn, New York. The building spans a total of 75,000 square feet, with 57,500 square feet above grade and an additional 17,500 square feet below grade for the parking garage. The transaction price for this property was $43,000,000, resulting in a price per square foot of $747. The building consists of 55 units, including 52 residential units and 2 commercial units.

Summary of transaction details

• Property Type: Newly Developed Mixed-Use Elevator Building
• Transaction Amount: $43,000,000
• Address: 456 Grand Street, Brooklyn, New York
• Market: Brooklyn
• Square Footage: 75,000 sf (57,500 sf above grade, 17,500 sf below grade parking garage)
• Price per Square Foot: $747
• Units: 55 (52 residential units, 2 commercial units, ...)

The key individuals involved in this transaction include Meir Babaev, Andrew Levine, David Chase, Josh Lipton, Michelle Abramov, and Barry Rudofsky.