SOLD
RockroseNY Elghanayan Family Acquires Fort Greene Development Site For $60M
98 Dekalb Avenue & 104 Dekalb Avenue
Development Site
195,842 SF
195,842 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
195,842 sqft
Rockrose Development Corp, owned by the Elghanayan family, has acquired a development site in Fort Greene for the price of $60 million. The property, located at 98 Dekalb Avenue & 104 Dekalb Avenue, is a development site with a buildable square footage (BSF) of 195,842. The purchase price per buildable square foot (PPBSF) amounts to $306.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $60,000,000
- Address: 98 Dekalb Avenue & 104 Dekalb Avenue
- Market: Fort Greene
The sale was brokered by Bob Knakal and Stephen Palmese from JLL. The seller, Barnes-Kotler Ford, was represented by Robert Kotler. The transaction took place on January 21st, 2020.
It is worth noting that additional air rights may contribute to the land acquisition costs, potentially increasing the total amount to $75 million.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Bob Knakal, Stephen Palmese, Henry Elghanayan & Justin Elghanayan
DATE: 01/21/2020
ADDRESS: 98 Dekalb Avenue & 104 Dekalb Avenue
MARKET: Fort Greene
ASSET TYPE: Development Site
BUYER: @RockroseNY Elghanayan family
SELLER: Barnes-Kotler Ford - Robert Kotler
BROKERS: Bob Knakal & Stephen Palmese @JLL
NOTES: Additional air rights could increase the land acquisition costs to $75 million
PRICE: $60,000,000
BSF: 195,842 ~ PPBSF: $306View on map
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Address98 Dekalb Avenue & 104 Dekalb Avenue
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