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Yaakov Lefkowitz & Herman Jacob Acquire Development Site In Brooklyn For $2.7M

375 Lefferts Avenue
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This Development Site property located in NY was sold for $2,700,000 about 2 years ago. The broker of the deal was Aaron Jungreis

A development site located at 375 Lefferts Ave in Brooklyn was sold in a closed transaction. The property, which spans approximately 27,880 square feet, was sold for a price of $2,700,000. The buyer of the property is Yaakov Lefkowitz & Herman Jacob, while the seller is Heller Realty. The deal was facilitated by broker Aaron Jungreis from Rosewood Realty Group.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,700,000
  • Address: 375 Lefferts Ave
  • Market: Brooklyn

According to the buyer, the plan for the property is to develop an 8-story, 41-unit rental development. This project will bring new housing options to the area, providing additional rental units for potential tenants. The buyer expresses gratitude to Aaron Jungreis for his role in making the deal happen.

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Deals
  • Location
    375 Lefferts Avenue, Brooklyn, NY 11225375 Lefferts Avenue, Brooklyn, NY 11225
  • Sale Price
    $2,700,000$2,700,000
    $96 PPSF$96 PPSF
  • Area
    27,880 SF27,880 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Aaron Jungreis

Aaron Jungreis

Deals136
Financed$2.7B

Agency

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

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Deal Summary

SALE IMAGE: Aaron Jungreis DATE: 12/29/2021 ADDRESS: 375 Lefferts Ave. MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Yaakov Lefkowitz & Herman Jacob SELLER: Heller Realty BROKER: Aaron Jungries (@AaronJungreis) - Rosewood Realty Group SALE PRICE: $2,700,000 BSF: 27,880 ~ PPBSF: $96 NOTE FROM BUYER: Buyer plans to develop a 8 story 41 unit rental development. Thanks to Aaron Jungries for making this deal happen !

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375 Lefferts Avenue

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