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Erik Ekstein Acquires Development Site In Bushwick For $16.7M

1333 Broadway
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This Development Site property located in NY was sold for $16,695,000 over 4 years ago. The brokers of the deal were Ryan Lai, Michael "Mike" Kerwin, Aaron Jungreis, Rob Hinckley, Peter (Pete) Rotchford, and Christopher (Chris) Peck

A development site located at 1333 Broadway in Bushwick, Brooklyn has been sold in a closed transaction. The property was listed with an asking price of $17,000,000 and was ultimately sold for $16,695,000. The site has a total buildable square footage (BSF) of 129,477, which translates to a price per buildable square foot (PPBSF) of $129.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $16,695,000
  • Address: 1333 Broadway, Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn
  • Asking Price: $17,000,000
  • BSF: 129,477
  • PPBSF: $129

The seller of the property was Jeremy Markowitz, while the buyer was Erik Ekstein. The transaction was facilitated by three brokers, namely Ryan Lai, Aaron Jungreis, and Mike Kerwin.

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Deals
  • Location
    1333 Broadway, Brooklyn, NY 11221, USA1333 Broadway, Brooklyn, NY 11221, USA
  • Sale Price
    $16,695,000$16,695,000
    $7 PPSF$7 PPSF
  • Area
    2,276,770 SF2,276,770 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Ryan Lai

Ryan Lai

Deals2
Sold$22.1M

Peter (Pete) Rotchford

Peter (Pete) Rotchford

Deals26
Financed$2.4B

Christopher (Chris) Peck

Christopher (Chris) Peck

Deals36
Financed$5.7B

Rob Hinckley

Rob Hinckley

Deals51
Financed$5.2B

Agencies

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

JLL

JLL

Agency
Deals5579
Volume$332.6B

Deal Summary

IMAGE: Ryan Lai, Mike Kerwin, Aaron Jungreis DATE: 12/06/2019 ADDRESS: 1333 Broadway MARKET: Bushwick, Brooklyn ASSET TYPE: Development Site ASKING PRICE: $17,000,000 SALE PRICE: $16,695,000 BSF: 129,477 PPBSF: $129 SELLER: Jeremy Markowitz BUYER: Erik Ekstein BROKERS: Ryan Lai, Aaron Jungreis, Mike Kerwin

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1333 Broadway

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