Crown Heights, Brooklyn NY; Schuckman Realty has facilitated the sale of a 6,069 SF Lot, with a two-family home that is being redeveloped into a 39,274 Square foot building.
The property located at 1367 Eastern Parkway is three blocks East of the Utica Ave subway station, serviced by the 3, 4, and 5 trains. Permits have been filed, and there are proposed plans for a 31 unit building with the average apartment size of 1,266 square feet.
“The developer opted to create larger units to meet the demand for more living space in the apartments in a post COVID world.” said Baruch Edelkopf who was the sole broker on this transaction.
The property closed on August 4 for $2,350,000 the seller was 1367 Eastern Parkway LLC and the buyer was Zalmen Kaufman under 1367 EP NY LLC.
This marks Edelkopf’s fourth sale along Eastern Parkway, having previously sold 1815 Eastern Parkway, 2266 Pacific St, and 542 Howard Avenue.
The property went into contract in January, and the closing was delayed because of COVID.
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.
Keywords: Real Estate Sales, Building Sale, Commercial Real Estate, Multi-family Sales