Yisroel Greenfield Acquires Williamsburg Development Site For $59.4M

203-209 North 11th Street

Development Site

27,000 SF

Sold 1 year ago

Summary

Sale

NEW YORK

Development Site

27,000 sqft

A ground lease transaction took place in Williamsburg, involving a development site located at 203-209 North 11th St. The ground lease has a term of 49 years. The deal closed on January 22, 2021.

Summary of transaction details

Property Type: Development site
Transaction Amount: $59,367,840
Square Footage: 27,000
Market: Williamsburg

Yisroel Greenfield acquired the ground lease from Omelan Berezowsky. The transaction was facilitated by broker Michael Sherman.

Players

All
2

Agents
1
Agencies
1

Michael Sherman

Founder and Principal

$247.7M Sold

Baseline Real Estate Advisors

Details

Deal Summary

SOLD

IMAGE: LEASE IMAGE: Michael Sherman DATE: 01/22/2021 ADDRESS: 203-209 North 11th St. MARKET: Williamsburg ASSET TYPE: Development site ~ TERM: 49 Years BUYER: Yisroel Greenfield SELLER: Omelan Berezowsky BROKER: Michael Sherman (@MichaelShermanNYC) PRICE: $59,367,840 ~ BSF: 27,000

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Address203-209 North 11th Street

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