Leor Eliyahu Acquires Development Site In Bedford-Stuyvesant For $950K | 167 Malcolm X. Boulevard | Ben Kopilev | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

7,500 sqft

A development site located at 167 Malcolm X. Blvd. in Bedford-Stuyvesant, Brooklyn has been sold for $950,000. The property is zoned as R6A and C2-4. The buyer, Leor Eliyahu, closed the deal all in cash. The lot size of the property is 25 ft x 100 ft. The sale was facilitated by broker Ben Kopilev from VCPRE.

Summary of Transaction Details

Property Type: Development Site
Transaction Amount: $950,000
Market: Bedford-Stuyvesant
Zoning: R6A, C2-4

In the transaction, the seller was Abie Coard. The buyer, Leor Eliyahu, already has over 50 units under development in different boroughs, with a majority of the projects located in Brooklyn.

NOTE FROM BROKER: The buyer quickly signed a TOE contract, even during the peak of the pandemic, within 24 hours of receipt. The buyer has displayed a strong interest in development projects and continues to expand their portfolio.

Players

All
2

Agents
1
Agencies
1

Ben Kopilev

Director

$19.3M Sold

Venture Capital Properties

Details

Deal Summary

SOLD

IMAGE: Ben Kopilev DATE: 12/11/2020 ADDRESS: 167 Malcolm X. Blvd. MARKET: Bedford-Stuyvesant ASSET TYPE: Development Site ~ ZONING: R6A, C2-4 BUYER: Leor Eliyahu (@CEliyahu) SELLER: Abie Coard BROKER: Ben Kopilev (@BKopilev) @VCPRE PRICE: $950,000 BSF: 7,500 ~ PPBSF: $126 LOT SIZE: 25 ft x 100 ft NOTE FROM BROKER: The buyer signed a TOE contract within 24 hours of receipt, at the peak of the pandemic, and closed all cash. Currently the buyer has 50+ units under development in the boroughs, with the bulk of the projects being in Brooklyn.

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Address167 Malcolm X. Boulevard

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