NEW YORK—A development site at 111-113 Kane Street, located between Hicks and Columbia Streets, in Brooklyn’s Columbia Waterfront District, was sold in an all-cash transaction valued at $1.625 million. The sale price equates to approximately $200 per buildable sq. ft.

The site measures 42.66 ft. by 94.83 ft. and includes approximately 8,100 buildable sq. ft. It is located in close proximity to the Brooklyn Bridge Park and the subway.

Massey Knakal Senior Vice President of Sales Ken Freeman exclusively handled the transaction with Director of Sales Michael Amirkhanian.

Massey Knakal specializes in the sale of investment and user properties in the New York metro area.