JIH Builders Group Acquires Development Site In Sheepshead Bay, Brooklyn For $4.5M

2108 Avenue P, Brooklyn, New York 11229, United States

$4,500,000

$281/SF

Building Size

16,000 SF

Asset Type

MultiFamily

Closing

Feb 16, 2022

AI

Located in the vibrant neighborhood of Sheepshead Bay, Brooklyn, a development site at 2108 & 2112 Avenue P has been sold in a recent transaction. The property spans across an area of 32,000 square feet and presents an excellent opportunity for future development.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $4,500,000
Date: 02/17/2022
Market: Sheepshead Bay, Brooklyn

The buyer, JIH Builders Group represented by Isaac Hirsch, acquired the property from the seller, Alex Tsatskis. Facilitating the transaction were Greg Melanson and Michael Murphy from B6 Real Estate Advisors, who served as the brokers in the deal.

This successful sale at 2108 & 2112 Avenue P underscores the continued growth and demand for development opportunities in Sheepshead Bay. With its impressive size and prime location, the property holds significant potential for future projects in the area.

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