SoldDevelopmentM&M era
$1,400,000 · Development site
1365 Nostrand Avenue, Prospect Lefferts Gardens, Brooklyn
Marcus & Millichap · NY Multifamily Team
Completed as a member of the New York Multifamily team at Marcus & Millichap, alongside Shaun Riney and colleagues.
The transaction
A Nostrand Avenue development parcel in Prospect Lefferts Gardens, a corridor seeing steady new construction. The buyer was a developer; the value was in the dirt and what could be built on it. Closed at $1,400,000.
Deal facts
Asset typeDevelopment site
NeighborhoodProspect Lefferts Gardens
Sale price$1,400,000
