Invictus Property Advisors (“Invictus”) is pleased to announce the closing of a transferable development rights (i.e. air rights and dwelling units transfer) in the heart of Greenpoint, Brooklyn. The air rights sold for approximately $313 per sq. ft. and included the transfer of eight (8) dwelling units. The site is a corner and the transaction will reduce the developer’s basis in the land and provide additional scale.
Invictus brokered the sale on behalf of a generational owner in Greenpoint and an active developer throughout Brooklyn. The sale was conducted off-market. This is the third air rights transfer Invictus has negotiated in 2022.
- 2,000
Air Rights - 8
Units - R7A
Zoning - $287
PPSF - $5,845
ANNUAL TAX BILL
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INVESTMENT HIGHLIGHTS
exclusive agents
Josh Lipton
Manhattan Office
212 596 7579
Andrew Levine
Manhattan Office
212 596 7570
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