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Investor Sells 32 Acres in Suffolk for $5M

Development Land Brings $200,000/Acre
By Justin Sumner
CoStar News
February 13, 2008 | 1:56 P.M.

Jayantilal Barot with JMD Enterprise sold 25 usable acres to A.J. Barot and Bridge Road 17 LLC for $5 million in an arms-length deal. The sales price for the 32-acre parcel is based on a price tag of $200,000 per acre, net of wetlands, which cover approximately 7 acres. Jayantilal Barot purchased the land several months before for a little more than $2.7 million, or about $108,380 per usable acre.

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