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Toni Chen Acquires Development Site On Atlantic Avenue In East New York For $1.275M

2744 Atlantic Avenue
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This Development Site property located in NY was sold for $1,275,000 over 4 years ago. The broker of the deal was Matthew Peters

Located at 2744 Atlantic Avenue in East New York, this development site was recently sold in a closed transaction. The property spans a total of 12,414 square feet and has a buildable square footage (BSF) of 12,414. The sale price for this asset was $1,275,000, resulting in a price per buildable square foot (PPBSF) of $102.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $1,275,000
  • Address: 2744 Atlantic Avenue, East New York
  • Market: East New York
  • Seller: Michael Dilorenzo
  • Buyer: Toni Chen
  • Brokers: Matthew Peters & Griffin Prall

The transaction involved several key individuals and companies. Michael Dilorenzo served as the seller, while Toni Chen acted as the buyer for this development site deal. The brokers representing the parties involved were Matthew Peters and Griffin Prall.

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Deals
  • Location
    2744 Atlantic Ave, Brooklyn, NY 11207, USA2744 Atlantic Ave, Brooklyn, NY 11207, USA
  • Sale Price
    $1,275,000$1,275,000
    $102 PPSF$102 PPSF
  • Area
    12,414 SF12,414 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Matthew Peters

Matthew Peters

Deals18
Sold$120.7M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

IMAGE: Matthew Peters, Griffin Prall DATE: 07/23/2019 ADDRESS: 2744 Atlantic Avenue MARKET: East New York ASSET TYPE: Development Site SELLER: Michael Dilorenzo BUYER: Toni Chen BROKERS: Matthew Peters (@mpeters125) & Griffin Prall. SALE PRICE: $1,275,000 BSF: 12,414 PPBSF: $102

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2744 Atlantic Avenue

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