Gemini Rosemont Acquires Development Site In Williamsburg, Brooklyn For $18.2M

A development site located at 167 N 1st Street in Williamsburg, Brooklyn has been sold. The property was listed with an asking price of $18,900,000 and ultimately sold for $18,200,000. The site has a buildable square footage (BSF) of 37,441, resulting in a price per buildable square footage (PPBSF) of $486.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $18,200,000
• Address: 167 N 1st Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Asking Price: $18,900,000
• BSF: 37,441
• PPBSF: $486

The seller of the property is Stanislaw Rys, while the buyer is Gemini Rosemont. The deal was facilitated by brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and Patrick Madigan.