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Benjamin Pinover's Dragonfly Development Acquires Brooklyn Dev Site For $7.55M

431 - 435 Tompkins Avenue and 243 Halsey Street, 429 Tompkins Avenue
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This Development Site property located in NY was sold for $7,550,000 over 5 years ago. The brokers of the deal were Lee Odell and Fernando Romero

The development site located at 431 - 435 Tompkins Avenue and 243 Halsey Street, as well as 429 Tompkins Avenue in Brooklyn, New York, has been sold in a closed transaction. The property is a residential condo development site with plans for residential condos. The total price for the transaction was $7.55 million, with $6 million allocated for the acquisition of 431 - 435 Tompkins Avenue and 243 Halsey Street, and an additional $1.55 million for 429 Tompkins Avenue. The property has a building square footage (BSF) of 27,750 and a price per buildable square foot (PBSF) of $272.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $7.55 million
  • Address: 431 - 435 Tompkins Avenue and 243 Halsey Street, 429 Tompkins Avenue, Brooklyn, New York
  • Market: Brooklyn
  • Plans: Residential Condos

The sellers of the property were Herb Myers, representing 431 - 435 Tompkins Avenue and 243 Halsey Street, and Kris Kaminski, representing 429 Tompkins Avenue. The buyer in the transaction was Benjamin Pinover, who represents Dragonfly Development. The deal was facilitated by Agent Fernando Romero from Lee Odell Real Estate.

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Deals
  • Location
    Tompkins Avenue & Halsey StreetTompkins Avenue & Halsey Street
  • Sale Price
    $7,550,000$7,550,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers2 Brokers

Agents

Lee Odell

Lee Odell

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Sold$38.2M

Fernando Romero

Fernando Romero

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Sold$7.6M

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Deal Summary

IMAGE: Fernando Romero DATE: 7/16/18 ADDRESS: 431 - 435 Tompkins Avenue and 243 Halsey Street, 429 Tompkins Avenue CITY: New York MARKET: Brooklyn ASSET TYPE: Dev site PLANS: Resi Condos TOTAL PRICE: $7,55M ($6M for 431 - 435 Tompkins & 243 Halsey, AND $1.55M for 429 Tompkins) BSF: 27,750 PBSF: $272 SELLERS: Herb Myers (431 - 435 Tompkins & 243 Halsey) and Kris Kaminski (429 Tompkins) BUYER: Benjamin Pinover - Dragonfly Development BROKER: Agent Fernando Romero from Lee Odell Real Estate @fexaro

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431 - 435 Tompkins Avenue and 243 Halsey Street, 429 Tompkins Avenue

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