Cele Realty I Sells Brooklyn Office Bldg: Fortis Property Grp Purchases Redevelopment Site for $3.5M
Fortis Property Group LLC acquired the property at 30 Henry St. in Brooklyn, NY from Cele Realty I LLC for $3.5 million, or about $555 per square foot.
At the time of purchase there was a single-story, 6,300-square-foot, class C office building on site.
The buyer has demolished the building and plans to construct a five-story, approximately 16,740-square-foot residential condominium building consisting of six units.
Stephen Palmese, Winfield Clifford and Michael Mazzara with Massey Knakal Realty Services represented the seller. The buyers were self-represented in the deal.
Please refer to CoStar COMPS #2315258 for more information on this transaction.
CoStar Group, By Scott Layton – June 26, 2012