REBusinessOnline

Ariel Property Advisors Brokers $9.9M Sale of Development Site in Brooklyn

NEW YORK CITY — Ariel Property Advisors has arranged the sale of a development site package located at 94 and 100 Lenox Road in Brooklyn’s Flatbush neighborhood. The 45,500-square-foot development site sold for $9.9 million, or $218 per buildable square foot. Zoned R74, plans for 100 Lenox Road call for for a seven-story, 31-unit apartment building. Alexander McGee, Shimon Shkury, Sean Kelly and Daniel Tropp of Ariel Property Advisors facilitated the sale for the undisclosed buyer and seller.

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