David Kramer's Hudson Companies Acquires Development Site In Crown Heights For $41.5M | 975 Nostrand Avenue | Marcella Fasulo, Joshua (Josh) King, Daniel (Dan) O'Brien, Adam Spies, Caroline Hodes | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

211,976 sqft

A development site located at 975 Nostrand Avenue in Crown Heights has been sold for $41,500,000. The property, which spans 211,976 square feet, is zoned as R7-1 and C2-3. The site has dimensions of 239.92 ft x 187.5 ft.

Summary of transaction details

Property Type: Development Site 🏗
Transaction Amount: $41,500,000
Market: Crown Heights
Zoning: R7-1, C2-3

The buyer of the property is David Kramer from The Hudson Companies, while the seller is John Usdan from Midwood Investment & Development. The deal was facilitated by brokers Daniel O’Brien, Adam Spies, Josh King, Marcella Fasulo, and Caroline Hodes from Cushman & Wakefield.

Players

All
6

Agents
5
Agencies
1

Marcella Fasulo

Executive Vice Chairman

$10.9B Sold

Joshua (Josh) King

Executive Vice Chairman

$10.2B Sold

Daniel (Dan) O'Brien

Executive Managing Director

$2.5B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Caroline Hodes

Associate

$872.1M Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: Adam Spies, Caroline Hodes, David Kramer, Daniel O’Brien, John Usdan, Josh King & Marcella Fasulo DATE: 08/26/2021 ADDRESS: 975 Nostrand Avenue MARKET: Crown Heights ASSET TYPE: Development Site 🏗 ~ ZONING: R7-1, C2-3 BUYER: David Kramer - The Hudson Companies (@TheHudsonCos) SELLER: John Usdan - Midwood Investment & Development BROKERS: Daniel O’Brien, Adam Spies, Josh King, Marcella Fasulo & Caroline Hodes - Cushman & Wakefield (@CushWake) SALE PRICE: $41,500,000 BSF: 211,976 ~ PPBSF: $195 LOT DIMENSIONS: 239.92 ft x 187.5 ft

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Address975 Nostrand Avenue

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