Breaking through the Ask Price for a Well Located Brooklyn Development Opportunity – $12,000,000
814-826 Bedford Avenue is a strategically located development site in a part of Bedford Stuyvesant that is in high demand from both traditional developers and the nearby Hasidic community. In the summer of 2015, the long-term owners of 814-826 Bedford Avenue had been approached by numerous investors who made unsolicited offers to purchase their property. With no fail-safe way of vetting buyers or evaluating the market value of their property, the family consulted Jakub Nowak and his team, Nowak+Partners for guidance. Jakub immediately recognized that none of the bids reflected the site’s actual value at the time.
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