Nhun Yabiz Acquires Development Site At 21 Richardson Street From Estate Of Sam Sanseverino For $2.2M

The transaction involved a development site located at 21 Richardson Street in Brooklyn. The sale price for the asset was $2,200,000, with a building square footage of 5,000 and a price per building square foot of $440. Additionally, the site has a total square footage of 3,000, amounting to a price per square foot of $733.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $2,200,000
• Buyer: Nhun Yabiz
• Seller: Estate of Sam Sanseverino
• Broker: Jeff Valcourt - Compass
• Building Square Footage: 5,000
• Price Per Building Square Foot: $440
• Total Square Footage: 3,000
• Price Per Square Foot: $733

The transaction was facilitated off-market for the purchaser via a 1031 exchange, highlighting the strategic approach taken in securing this prime Williamsburg location.