NONPROFIT PURCHASES DEVELOPMENT SITE FOR NEW RESIDENTIAL BUILDING

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NEW YORK CITY — Nonprofit organization Community Counseling & Mediation has acquired a development site located at 226 Linden Blvd. in the Flatbush neighborhood of Brooklyn, New York City, for $1.45 million. The site has been approved for the development of a 71-unit residential building. Including air rights that were previously purchased from an adjacent lot, the total amount of buildable space for the site is 59,629 square feet, including parking. Ofer Cohen of TerraCRG represented the undisclosed seller. Shay Zach of Itzhaki Properties also helped broker the deal.

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