Abe Friedman Acquires Development Site On 176 Central Avenue In Bushwick, Brooklyn For $4.25M | 176 Central Avenue | Tom Reynolds, Steve Reynolds, Brian Davila, Derek Bestreich | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

23,320 sqft

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.

Players

All
5

Agents
4
Agencies
1

Tom Reynolds

Investment Property Realty Group (IPRG)-image

Vice President

$213.5M Sold

Steve Reynolds

Partner, Managing Director

$278.5M Sold

$192.2M Sold

$708.6M Sold

Investment Property Realty Group (IPRG)

Details

Deal Summary

SOLD

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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Address176 Central Avenue

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