Michael Weitzman Of Double U Development Acquires 150 Greenpoint Avenue Commercial Property For $8.9M

The property asset involved in this transaction is a commercial building located at 150 Greenpoint Avenue in the Greenpoint market. The sale was finalized for a price of $8,900,000, encompassing a total area of 14,000 square feet, which equates to a price per square foot of $636.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $8,900,000
• Buyer: Michael Weitzman - Double U Development
• Seller: David Katz, Howard Katz & Philip Katz - MacArthur Holdings
• Date of Sale: 02/26/2025

Michael Weitzman represented Double U Development in the acquisition of the property, which was formerly known as Polonaise Terrace. The sellers were a consortium including David Katz, Howard Katz, and Philip Katz, who represented MacArthur Holdings in the transaction.