A development site at 1252 East 19th Street, located between Avenue L and Avenue M in Brooklyn’s Midwood neighborhood, was sold in an all cash transaction valued at $593,500.
The development site is approximately 15,000 buildable square feet. The sale price equates to approximately $40 per buildable square foot.
“We sold this property on behalf of a lender who acquired the property through foreclosure. The buyer is an experienced neighborhood developer,” said Massey Knakal First Vice President of Sales Eric Greenfield who exclusively handled this transaction with First Vice President of Sales Jeffrey A. Shalom.
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Neighborhoods: Midwood/ Agents: Jeffrey Shalom