Giuseppe Montalbano of Weichert, Realtors® Sells $6.425 Million Dollar Bensonhurst Site

Giuseppe Montalbano of Weichert, Realtors® – The Franzese Group who specializes in Commercial Real Estate and Development in the Brooklyn area has sold another much sought after development site. This one being in Bensonhurst Brooklyn located at 8721-8729 19th Avenue / 1900-1906 Benson Avenue.

The property sold for $6.425 Million dollars in an all cash transaction for +/- 30,000 buildable s/f. Giuseppe Montalbano represented both the purchaser, an active developer in the Brooklyn area and the seller which the family has owned the property for approximately 33 years.

The negotiations for the purchase were initiated due to the desirable location and there was a lot of competition. Giuseppe Montalbano was able to build the sellers trust with his knowledge of the market, and being reputable and active in the Brooklyn area.

Bensonhurst is becoming a very desirable area to live in Brooklyn, with many new developments in the works attracting retail tenants with great shops, dining, and convenient transportation. Brooklyn has something to offer for everyone. “I am happy to be a part of this transaction and I am looking forward to this exciting new development coming to Benson and 19th Avenue” Montalbano said.

Broker/Owner, Anthony J. Franzese, “We are extremely proud of Giuseppe, he is a true professional in this industry and his expertise in brokering deals is an asset to sellers and developers in Brooklyn. Giuseppe handles every transaction with care that is why he is so trusted in the real estate industry.”

The Commercial Investment and Development Division at Weichert Realtors® – The Franzese Group focuses its expertise on servicing the greater Brooklyn area and brings numerous years of combined real estate knowledge to their clients.

If you or anyone you know is thinking of selling Commercial or Residential Real Estate and would like a complimentary property evaluation, feel free to give me a call, 347-585-7953 or visit our website, WeichertFranzese.com