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Marcy Heights Acquires Development Site In Bedford-Stuyvesant, Brooklyn For $1.45M

679 Marcy Avenue
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This Development Site property located in NY was sold for $1,450,000 over 3 years ago. The brokers of the deal were Steve Reynolds, Tom Reynolds, Derek Bestreich, and Brian Davila

The development site located at 679 Marcy Avenue in Bedford-Stuyvesant, Brooklyn has been sold for a price of $1,450,000. The property spans a total of 8,625 square feet and has a price per buildable square foot (PPBSF) of $168. The transaction took place on July 8, 2020.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,450,000
  • Address: 679 Marcy Avenue, Bedford-Stuyvesant, Brooklyn
  • Market: Bedford-Stuyvesant, Brooklyn
  • Seller: Clarence Hamlin Jr.
  • Buyer: Marcy Heights

Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from BRG's Northeast Brooklyn & Queens Team represented the buyer and seller in this transaction.

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Deals
  • Location
    679 Marcy Ave, Brooklyn, NY 11216, USA679 Marcy Ave, Brooklyn, NY 11216, USA
  • Sale Price
    $1,450,000$1,450,000
    $168 PPSF$168 PPSF
  • Area
    8,625 SF8,625 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Tom Reynolds

Tom Reynolds

Deals74
Sold$213.5M

Agency

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

Deal Summary

SALE IMAGE: Brian Davila, Derek Bestreich, Steve Reynolds & Tom Reynolds DATE: 07/08/2020 ADDRESS: 679 Marcy Avenue MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: Development Site SALE PRICE: $1,450,000 BSF: 8,625 PPBSF: $168 SELLER: Clarence Hamlin Jr. BUYER: Marcy Heights BROKERS: Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila – BRG’s Northeast Brooklyn & Queens Team […]

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