SOLD
Mark Chulpayev Acquires Development Site In East New York For $4.5M
2755 Atlantic Avenue
Development Site
73,350 SF
73,350 SF
Summary
Sale
NEW YORK
Development Site
73,350 sqft
A development site located at 2745 & 2749-2755 Atlantic Avenue in East New York has been sold. The property, listed by Matthew Peters, is a development site in a prime location. The sale was completed on January 28, 2022, and the transaction amount was $4,527,500. The property has a buildable square footage (BSF) of 73,350 with MIH (Mandatory Inclusionary Housing) and a price per buildable square footage (PPBSF) of $62. Without MIH, the BSF is 61,550 with a PPBSF of $74.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,527,500
- Address: 2745 & 2749-2755 Atlantic Avenue
- Market: East New York
The buyer is Mark Chulpayev, and the sellers are Stephen & Mitch Brown. Matthew Peters, from The Peters Team at Marcus & Millichap, represented the transaction as the broker. The deal was facilitated smoothly, and all parties involved successfully closed the transaction.
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Details
SOLD
IMAGE: Matthew Peters
DATE: 01/28/2022
ADDRESS: 2745 & 2749-2755 Atlantic Avenue
MARKET: East New York
ASSET TYPE: Development Site
BUYER: Mark Chulpayev
SELLER: Stephen & Mitch Brown
BROKER: Matthew Peters (@MPeters_CRE) (The Peters Team) (@Peters_Team_RE) - Marcus & Millichap (@Marcusmillichap_ny)
SALE PRICE: $4,527,500
BSF (with MIH): 73,350 ~ PPBSF (with MIH): $62
BSF (without MIH): 61,550 ~ PPBSF (without MIH): $74View on map
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Address2755 Atlantic Avenue
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