SOLD
Investment Property Realty Group Acquires Development Site In Prospect-Lefferts-Gardens, Brooklyn For $11M
625-629 New York Avenue & 447 Fenimore Street
Development Site
19,900 SF
19,900 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
19,900 sqft
The development site located at 625-629 New York Avenue & 447 Fenimore Street in Prospect-Lefferts-Gardens, Brooklyn has been sold for a total price of $11,000,000. The site encompasses a total buildable square footage (BSF) of 56,900, with a price per buildable square footage (PPBSF) of $194. The lot square footage (LSF) is 19,900.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 625-629 New York Avenue & 447 Fenimore Street
- Market: Prospect-Lefferts-Gardens, Brooklyn
- Built Square Footage (BSF): 56,900
- Price per Buildable Square Footage (PPBSF): $194
- Lot Square Footage (LSF): 19,900
The seller of the development site is Joseph Merola. The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG).
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila
DATE: 02/22/2023
ADDRESS: 625-629 New York Avenue & 447 Fenimore Street
MARKET: Prospect-Lefferts-Gardens, Brooklyn
ASSET TYPE: Development Site
SELLER: Joseph Merola
BROKERS: Derek Bestreich, Steve Reynolds (@SteveReynoldsNYC), Tom Reynolds (@TomReynolds_CRE), Brian Davila (@Vills25) - Investment Property Realty Group (IPRG) (@IPRG_NY)
SALE PRICE: $11,000,000
BSF: 56,900 ~ PPBSF: $194
LSF: 19,900
-Lefferts-Gardens,BrooklynView on map
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Address625-629 New York Avenue & 447 Fenimore Street
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