{"id":219612,"date":"2026-05-04T19:17:42","date_gmt":"2026-05-04T19:17:42","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/219612\/"},"modified":"2026-05-04T19:17:42","modified_gmt":"2026-05-04T19:17:42","slug":"marcus-millichap-arranges-sale-of-brooklyn-development-site-for-5-25-million-nyrej","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/219612\/","title":{"rendered":"Marcus & Millichap arranges sale of Brooklyn development site for $5.25 million : NYREJ"},"content":{"rendered":"

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\n101-103 Luquer Street – Brooklyn, NY <\/p>\n

Brooklyn, NY Marcus & Millichap<\/a> sold 101-103 Luquer St., a vacant development site in the Carroll Gardens neighborhood for $5.25 million.<\/p>\n

\u201cAt $503 per buildable s\/f, this transaction sets a record price for Carroll Gardens and reflects the continued strength of Brooklyn\u2019s condominium market,\u201d said Jesse Kay of the Nowak Group of Marcus & Millichap<\/a> in New York City. \u201cWell-located residential condo development sites are in high demand, and we are seeing sustained competition from developers across Brownstone Brooklyn. With limited supply, transactions like this continue to push land values higher across the neighborhood.\u201d<\/p>\n

Kay and Jakub Nowak of Marcus & Millichap<\/a> represented the seller and procured the private buyer.<\/p>\n

The single-story building is located between Henry and Clinton Sts. The 5,217 s\/f lot is zoned R6B and offers 10,434 buildable s\/f, supporting condominium, townhouse or rental development. The property features more than 50-ft. of frontage and is five blocks from the Carroll St. and Smith\u2013Ninth St. F and G subway stations.<\/p>\n","protected":false},"excerpt":{"rendered":" 101-103 Luquer Street – Brooklyn, NY Brooklyn, NY Marcus & Millichap sold 101-103 Luquer St., a vacant…\n","protected":false},"author":2,"featured_media":219613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,9,24,63],"class_list":["post-219612","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/219612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=219612"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/219612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/219613"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=219612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=219612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=219612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}