Joel Friedman Acquires Development Site In Greenpoint, Brooklyn For $18.5M

A development site located at 33 Franklin Street in Greenpoint, Brooklyn has been sold for a price of $18,500,000. The property offers a total building square footage (BSF) of 46,753, with a price per BSF (PPBSF) of $396. The seller of the site was Marlborough Gallery, represented by Pete Levai, while the buyer was Joel Friedman.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $18,500,000
• Address: 33 Franklin Street, Greenpoint, Brooklyn
• Market: Greenpoint, Brooklyn
• BSF: 46,753
• PPBSF: $396
• Seller: Marlborough Gallery – Pete Levai
• Buyer: Joel Friedman
• Brokers: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford – JLL

The transaction was facilitated by JLL, with Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford serving as the brokers on behalf of the buyer and seller. The deal marks a significant development project in the Greenpoint area of Brooklyn.