U.R. Development Acquires Development Site In Williamsburg, Brooklyn For $1.85M

A development site located at 19 North Henry Street in Williamsburg, Brooklyn has been sold for a price of $1,850,000. Spanning approximately 2,737.5 square feet, the property was purchased by Udi Marciano of U.R. Development from the seller, Rose Ferrara. The transaction was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde of Investment Property Realty Group (IPRG). The sale price equates to a price per square foot of $676.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,850,000
• Property Address: 19 North Henry Street, Williamsburg, Brooklyn
• Buyer: Udi Marciano - U.R. Development
• Seller: Rose Ferrara
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, Sal Monteverde - Investment Property Realty Group (IPRG)
• Property Size: 2,737.5 square feet
• Price per Square Foot: $676

The transaction involved the collaboration of various individuals and companies. Udi Marciano of U.R. Development acted as the buyer in this deal, while Rose Ferrara was the seller. Facilitating the transaction were brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde, all representing Investment Property Realty Group (IPRG).