Mann Group Acquires Development Site At 161 Wythe Avenue In Williamsburg For $6.3M

Located in the vibrant neighborhood of Williamsburg, Brooklyn, the development site at 161 Wythe Avenue has been sold in a closed transaction. The property, with a total buildable square footage (BSF) of 4,090, offers an exciting opportunity for future development. The sale price for this prime development site was recorded at $6,300,000, resulting in a price per buildable square footage (PPBSF) of $1,540.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $6,300,000
• Buildable Square Footage (BSF): 4,090
• Price per Buildable Square Footage (PPBSF): $1,540
• Address: 161 Wythe Avenue
• Market: Williamsburg, Brooklyn

Representing the seller in this transaction was Dan Margulies. On the buying side, Mann Group acquired the development site. The deal was facilitated by a team of skilled brokers, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford.