Bedford Carp Construction Acquires Vacant Lot In Brooklyn For $1.2M

A vacant lot located at 2706 West 16th Street in Coney Island, Brooklyn, New York was recently sold in a closed transaction. The lot spans a total of 5,663 square feet and has a price per square foot of $211. The transaction took place for a total price of $1,200,000, with a price per buildable square foot of $109. The allowable buildable square feet for the lot is 11,006. The zoning of the property is M1-2.

Summary of transaction details

• Property Type: Vacant Lot
• Transaction Amount: $1,200,000
• Property Address: 2706 West 16th Street, Brooklyn, New York
• Square Footage: 5,663
• Price per Square Foot: $211
• Price per Buildable Square Foot: $109
• Allowable Buildable Square Feet: 11,006
• Zoning: M1-2

The seller of the vacant lot was Ted Santo. On the other hand, Bedford Carp Construction, represented by TJ Moore, acted as the buyer. The brokerage firm Marcus & Millichap facilitated the transaction.