Fort Greene Development Site Sold By Massey Knakal
A development site at 976 Fulton Street, located between Grand Avenue and Cambridge Place in Brooklyn's Fort Greene neighborhood, was sold in an all cash transaction valued at $1,250,000.
The site consists of a single-story retail building on a 42' x 100' lot and has a total of 16,800 buildable square feet. The sale price equates to approximately $75 per buildable square foot.
"This site was purchased by a developer who plans to construct a mixed-use condominium building," said Massey Knakal Director of Sales Stephen Palmese who exclusively handled this transaction.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.