facebook
Traded Co logo
Submit a Deal

JIH Builders Group Acquires Development Site In Sheepshead Bay, Brooklyn For $4.5M

2108 & 2112 Avenue P
PointingArrow
ShareContact

This MultiFamily property located in NY was sold for $4,500,000 about 2 years ago. The brokers of the deal were Gregory (Greg) Melanson and Michael (Mike) Murphy

Located in the vibrant neighborhood of Sheepshead Bay, Brooklyn, a development site at 2108 & 2112 Avenue P has been sold in a recent transaction. The property spans across an area of 32,000 square feet and presents an excellent opportunity for future development.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,500,000
  • Date: 02/17/2022
  • Market: Sheepshead Bay, Brooklyn

The buyer, JIH Builders Group represented by Isaac Hirsch, acquired the property from the seller, Alex Tsatskis. Facilitating the transaction were Greg Melanson and Michael Murphy from B6 Real Estate Advisors, who served as the brokers in the deal.

This successful sale at 2108 & 2112 Avenue P underscores the continued growth and demand for development opportunities in Sheepshead Bay. With its impressive size and prime location, the property holds significant potential for future projects in the area.

View Related

Deals
  • Location
    2108 Avenue P, Brooklyn, New York 11229, United States2108 Avenue P, Brooklyn, New York 11229, United States
  • Sale Price
    $4,500,000$4,500,000
    $93 PPSF$93 PPSF
  • Area
    48,000 SF48,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies, 1 Lender2 Brokers, 2 Agencies, 1 Lender

Agents

Michael (Mike) Murphy

Michael (Mike) Murphy

Deals8
Sold$19M

Agencies

Weber Frank Real Estate

Weber Frank Real Estate

Agency
Deals38
Volume$190.9M

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

Genesis Capital

Genesis Capital

Lender
Deals3
Volume$ 100.4M

Social

Deal Summary

SALE IMAGE: Greg Melanson & Michael Murphy DATE: 02/17/2022 ADDRESS: 2108 & 2112 Avenue P MARKET: Sheepshead Bay, Brooklyn ASSET TYPE: Development Site BUYER: JIH Builders Group - Isaac Hirsch SELLER: Alex Tsatskis BROKERS: Greg Melanson & Michael Murphy (@MpMurphy_) - B6 Real Estate Advisors SALE PRICE: $4,500,000 BSF: 32,000 ~ PPBSF: $140

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

2108 & 2112 Avenue P

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits