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Harel Edery Acquires Development Site In Williamsburg, Brooklyn For $13M

Property Image
SOLD
$13,000,000
Matthew Davis
Sean R. Kelly, Esq.
Harel Edery

New York

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Development Site32,919 SF
Sold 05/06/2021
the dealplayerscompscontact
Property Image
SOLD

Harel Edery Acquires Development Site In Williamsburg, Brooklyn For $13M

102 North 1st Street, Williamsburg, Brooklyn, NY, USA

See Similar Deals
Development Site32,919 SF
Sold 05/06/2021
Matthew Davis
Sean R. Kelly, Esq.
Harel Edery
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$394
Total Square Footage:32,919 SF
Transaction Type:Sale

A development site located at 102 N. 1st Street and 106 N. 1st Street in Williamsburg, Brooklyn has been sold for a price of $13,000,000. The property spans a lot size of 11,125 square feet, with dimensions measuring 134.71' x 87.17'. The asset falls under the zoning regulations of M1-2/R6A, MX-8, making it suitable for development purposes.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $13,000,000
  • Market: Williamsburg, Brooklyn
  • Zoning: M1-2/R6A, MX-8
  • Buyer: Harel Edery
  • Seller: Robert Loeffler
  • Brokers: Matt Davis & Sean R. Kelly Esq., represented by ArielPA.NYC
  • BSF: 32,919
  • PPBSF: $395

The buyer, Harel Edery, acquired the property from the seller, Robert Loeffler. The transaction was facilitated by brokers Matt Davis and Sean R. Kelly Esq., represented by ArielPA.NYC. The deal closed on May 6, 2021, marking an important milestone in the Williamsburg, Brooklyn real estate market.

Players

Sean R. Kelly, Esq.
Ariel Property Advisors
Sean R. Kelly, Esq.
56 deals$529.8M volume
BROKER
Matthew Davis
Cushman & Wakefield
Matthew Davis
8 deals$62.4M volume
BROKER
Harel Edery
Harel Edery
4 deals$27.6M volume
BUYER

Details

SOLD
IMAGE: Matt Davis & Sean R. Kelly Esq. DATE: 05/06/2021 ADDRESS: 102 & 106 N. 1st Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site ~ ZONING: M1-2/R6A, MX-8 BUYER: Harel Edery SELLER: Robert Loeffler BROKERS: Matt Davis & Sean R. Kelly Esq. @ArielPA.NYC SALE PRICE: $13,000,000 BSF: 32,919 ~ PPBSF: $395 LOT DIMENSIONS: 134.71' x 87.17' LOT SIZE: 11,125 SF

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