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975 Nostrand Avenue Brooklyn Cushman & Wakefield

CushWake Arranges $42M Sale of Brooklyn Development Site

Cushman & Wakefield has arranged the $41.5-million sale of 975 Nostrand Ave. in Brooklyn. The property is a development parcel. 

A Cushman & Wakefield Capital Markets team including Daniel O’Brien, Adam Spies, Josh King, Marcella Fasulo, and Caroline Hodes represented the seller, Midwood Investment & Development, in the sale. The Hudson Companies acquired the property. 

The 59,633-square-foot site is a block through site bound by Nostrand Avenue and Clove Road, benefiting from 240 feet of frontage on Nostrand Ave and 250 feet on Clove Road, in a flexible R7-1/C2-3 zone that allows for a variety of uses, including residential and commercial. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition