The property involved in this transaction is a development site located at 204-206 Bedford Avenue in Williamsburg, Brooklyn. The sale price of the development site was $8,500,000, with a built square footage of 7,500, resulting in a price per built square foot of $1,133.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,500,000
• Address: 204-206 Bedford Avenue
• Market: Williamsburg, Brooklyn
• Built Square Footage: 7,500
• Price Per Built Square Foot: $1,133
• Buyer: Shai Iluz
• Broker Representatives: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL

This transaction was facilitated by the broker representatives from JLL, including Ethan Stanton, Brendan Maddigan, and Michael Mazzara, who represented the buyer, Shai Iluz, in the deal. The collaboration among these brokers played a vital role in the successful closing of this property transaction.