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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.
- ◦Sale/Acquisition