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UPC Engineering Acquires Development Site In Greenwood Heights, Brooklyn For $2.28M

814 5th Avenue
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This Development Site property located in NY was sold for $2,280,000 over 2 years ago. The brokers of the deal were Gabriel Kates, Derek Bestreich, and Adam Lobel

UPC Engineering has purchased a development site in Greenwood Heights, Brooklyn for a total of $2,280,000. The property, located at 814 5th Avenue, is a development site with a lot size of 50.17 ft x 100 ft. The site was delivered with approved plans in place and has a building square footage of 10,034. The price per buildable square foot (PPBSF) is $227. The property is zoned as R6B.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,280,000
  • Buyer: UPC Engineering – Pamela Lee
  • Seller: Anna Kuzmik-Sampas
  • Brokers: Derek Bestreich, Adam Lobel & Gabriel Kates - Bestreich Realty Group

The deal was facilitated by brokers Derek Bestreich, Adam Lobel, and Gabriel Kates from Bestreich Realty Group. They represented both the buyer, UPC Engineering, and the seller, Anna Kuzmik-Sampas, in the transaction.

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Deals
  • Location
    814 5th Avenue, Greenwood Heights, Brooklyn, NY, USA814 5th Avenue, Greenwood Heights, Brooklyn, NY, USA
  • Sale Price
    $2,280,000$2,280,000
    $227 PPSF$227 PPSF
  • Area
    10,034 SF10,034 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Gabriel Kates

Gabriel Kates

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Financed$86.4M

Agencies

Block Real Estate Group

Block Real Estate Group

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Volume$154.6M

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

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Deal Summary

SALE IMAGE: Adam Lobel, Derek Bestreich & Gabriel Kates DATE: 06/28/2021 ADDRESS: 814 5th Avenue MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Development Site ~ ZONING: R6B BUYER: UPC Engineering – Pamela Lee SELLER: Anna Kuzmik-Sampas BROKERS: Derek Bestreich, Adam Lobel & Gabriel Kates - Bestreich Realty Group (@BRG_CRE) SALE PRICE: $2,280,000 BSF: 10,034 ~ PPBSF: $227 LOT SIZE: 50.17 ft x 100 ft NOTE: Site delivered with approved plans in place.

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