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Posted: June 22, 2009
Freeman of Massey Knakal sells 40' x 60' lot for $825,000 in Brooklyn
A residential development site at 101-103 Boerum Pl., located between Dean and Pacific Sts. in the Boerum Hill neighborhood sold in an all cash transaction valued at $825,000.
The combined lot size is approximately 40' x 60' with 5,280 buildable s/f and 40' ft. of frontage on Boerum Pl. The site is ideal for condominium, multifamily or townhouse development. The existing curb cut creates an opportunity for parking.
"Our niche focus on selling commercial properties and emphasis on maximum exposure completed this deal done despite a challenging market" said Massey Knakal senior VP of sales, Ken Freeman who exclusively handled this transaction.
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