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Robert Khoo Acquires Development Site In Gowanus, Brooklyn For $1.8M

150 2nd Avenue
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This Development Site property located in NY was sold for $1,800,000 almost 2 years ago. The brokers of the deal were Jakub Nowak and Jake Torre

The development site located at 150 2nd Ave. in Gowanus, Brooklyn has been sold in a recent transaction. The property is a vacant M-zoned land with a total building square footage (BSF) of 9,196. The sale price for this property was $1,800,000, resulting in a price per BSF (PPBSF) of $195. This transaction marks a price record of $391 per square foot for vacant M-zoned land in Gowanus.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,800,000
  • Address: 150 2nd Ave., Gowanus, Brooklyn
  • Market: Gowanus, Brooklyn
  • Buyer: Robert Khoo
  • Seller: Russell Cascardo
  • Brokers: Jakub Nowak & Jake Torre (The Nowak Group) - Marcus & Millichap
  • BSF: 9,196
  • PPBSF: $195

Robert Khoo is the buyer of this development site, while Russell Cascardo is the seller. The deal was facilitated by Jakub Nowak and Jake Torre from The Nowak Group, who represented the buyer in the transaction. The seller was represented by Marcus & Millichap. The buyer has plans to develop a 2-story warehouse on the property to be used for their business.

For more information about the sale of industrial, commercial, and development properties in NYC, you can contact Jakub Nowak at 718-475-4353 or Jake Torre at 718-475-4325, who are experts in this field according to Marcus & Millichap.

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Deals
  • Location
    150 2nd Avenue, Brooklyn, New York 11215, United States150 2nd Avenue, Brooklyn, New York 11215, United States
  • Sale Price
    $1,800,000$1,800,000
    $195 PPSF$195 PPSF
  • Area
    9,196 SF9,196 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Jakub Nowak

Jakub Nowak

Deals67
Financed$352.8M

Jake Torre

Jake Torre

Deals12
Sold$58.7M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals7003
Volume$66B

SAB Capital

SAB Capital

Agency
Deals34
Volume$261.5M

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Deal Summary

SALE IMAGE: Jakub Nowak & Jake Torre DATE: 05/04/2022 ADDRESS: 150 2nd Ave. MARKET: Gowanus, Brooklyn ASSET TYPE: Development Site BUYER: Robert Khoo SELLER: Russell Cascardo BROKERS: Jakub Nowak (@Jakub_H_Nowak) & Jake Torre (@J_Torre38) (The Nowak Group) (@The_Nowak_Group) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $1,800,000 BSF: 9,196 ~ PPBSF: $195 NOTE FROM @MarcusMillichap_NY: This property sold for a price record of $391/SF for vacant M-zoned land in Gowanus. The buyer plans to develop a 2-story warehouse to occupy with his business. To speak with our team of experts versed in the unique challenges involved in the sale of NYC industrial, commercial and development property, please give us a call. Jakub Nowak – 718 475 4353, Jake Torre – 718 475 4325.

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