Marek Kazcor Acquires Williamsburg Development Site On N. 6th Street For $2.55M

A development site in Williamsburg, Brooklyn has been sold for $2,550,000. The property, located at 216 N. 6th Street, is a 25 ft x 100 ft lot with R6B zoning. The sale of this development site was facilitated by Nathan Horne of Compass Commercial, representing the seller Dan Wacks. The buyer of the property is Marek Kazcor. The transaction took place on October 1, 2021.

Summary of transaction details

• Property Type: Development Site 🏗
• Transaction Amount: $2,550,000
• Address: 216 N. 6th Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Zoning: R6B
• Lot Size: 25 ft x 100 ft

The sale price of $2,550,000 translates to a price per buildable square foot (PPBSF) of $510 given a total buildable square footage (BSF) of 5,000. The previous sale of the property occurred in November 2011, with a sale price of $985,000.

Nathan Horne of Compass Commercial worked with Karim Ahmed of Reform.Arch to navigate the complexities of the transaction, particularly concerning the retention of the curb cut and garage. The property garnered significant interest from various developers and end-users over several months. Ultimately, the sale was successfully closed, demonstrating the potential of the development site.

For more information or any additional inquiries, please contact Nathan Horne at [email protected]. The Horne Team has several upcoming development sites and value-add opportunities in Williamsburg.