Four Corners Development Group Acquires Residential Building In Brooklyn For $12M

A residential building located at 2501 Newkirk Avenue in Brooklyn, New York has been sold for a price of $12,000,000. The property has a total area of 44,800 square feet with a price per square foot of $267. The building consists of 54 units.

Summary of transaction details:

• Property Type: Residential Building
• Transaction Amount: $12,000,000
• Address: 2501 Newkirk Avenue
• City: New York
• Market: Brooklyn
• Square Footage: 44,800
• Price per Square Foot: $267
• Number of Units: 54

The seller of the property is Newkirk Realty Holdings 250 LLC, represented by Daniel Cohen. The buyer is Four Corners Development Group, represented by Jason Wisotsky. The broker involved in the transaction is ZP Realty Capital, represented by Zev Pollak.