Abraham Leifer's AVEQ 275 Livingston LLC Acquires $14.8M Development Site In Downtown Brooklyn

The sale of a development site at 275 Livingston Street in Downtown Brooklyn has been completed for a price of $14.8 million. The site, currently occupied by a vacant, three-story commercial building, spans 43,760 square feet. The buyer, Abraham Leifer of AVEQ 275 Livingston LLC, plans to embark on a redevelopment campaign that will retain part of the existing structure. The goal is to transform the property into a premier commercial facility within the burgeoning downtown area of Brooklyn.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14.8 million
• Square Footage: 43,760
• Address: 275 Livingston Street
• Market: Downtown Brooklyn

The seller of the property is Harry Blaustein. The deal was facilitated by brokers Yosef Katz and Zachary Fuchs from GFI Capital. Situated in Downtown Brooklyn, 275 Livingston Street benefits from the extensive commercial and residential construction activity taking place in the neighboring areas.