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Abe Friedman Acquires Development Site On 176 Central Avenue In Bushwick, Brooklyn For $4.25M

176 Central Avenue
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This Development Site property located in NY was sold for $4,250,000 over 3 years ago. The brokers of the deal were Steve Reynolds, Tom Reynolds, Derek Bestreich, and Brian Davila

Located at 176 Central Avenue in Bushwick, Brooklyn, this development site was recently sold for a price of $4,250,000. The property, situated on a 73.5 ft x 150.33 ft lot, offers a total square footage (BSF) of 23,320. With a zoning classification of R6, this site presents an excellent opportunity for further development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,250,000
  • Address: 176 Central Avenue
  • Market: Bushwick, Brooklyn
  • Zoning: R6

Leading the deal were Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila of Bestreich Realty Group, who represented both the buyer and seller. Their expertise and negotiation skills were instrumental in successfully closing this transaction.

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Deals
  • Location
    176 Central Avenue, Bushwick, Brooklyn, NY, USA176 Central Avenue, Bushwick, Brooklyn, NY, USA
  • Sale Price
    $4,250,000$4,250,000
    $182 PPSF$182 PPSF
  • Area
    23,320 SF23,320 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Tom Reynolds

Tom Reynolds

Deals74
Sold$213.5M

Agency

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

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Deal Summary

SALE IMAGE: Brian Davila, Derek Bestreich, Steve Reynolds & Tom Reynolds DATE: 11/24/2020 ADDRESS: 176 Central Avenue MARKET: Bushwick, Brooklyn ASSET TYPE: Development Site ~ ZONING: R6 BUYER: Abe Friedman SELLER: Michael Ortiz BROKERS: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila - Bestreich Realty Group (@BRG_CRE) PRICE: $4,250,000 BSF: 23,320 ~ PPBSF: $182 LOT SIZE: 73.5 ft x 150.33 ft

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176 Central Avenue

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