SB Development Acquires Edgewater Condo On Northeast 19th Street For $12M

A condominium unit located at 419 Northeast 19th Street in Edgewater, has been sold for a total price of $12,000,000. The sale took place on August 19, 2022. The property consists of 13 units, resulting in a price per unit of $923,077. The buyer of the condo is SB Development, represented by Joseph Stern. The lender involved in the transaction is Rok Lending.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $12,000,000
• Units: 13
• Price Per Unit: $923,077

SB Development, led by Joseph Stern, successfully acquired the condominium at 419 Northeast 19th Street in Edgewater. The sale transaction was facilitated with the support of lender Rok Lending. This transaction showcases the successful collaboration between these key stakeholders in the real estate market.