A Chetrit family firm paid $15.5 million for a Sheepshead Bay parcel with 130,000 square feet of development rights. That comes out to $119 per buildable square foot for 2870 Ocean Avenue, where sources say AB & Sons, a firm managed by the Chetrit family, plans a mixed-use apartment building. The Chetrit family declined to comment on the transaction and its plans for the plot. KSR, which brokered the deal, declined to comment. AB &
source https://therealdeal.com/2020/08/31/chetrit-firm-pays-119-psf-for-sheepshead-bay-site/
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