Arik Bar Chaim Acquires Development Site In Williamsburg, Brooklyn For $1.825M

A development site located at 223 Frost St. in Williamsburg, Brooklyn has been sold in a recent transaction. The property, with a total square footage of 5,000 and a price per square foot of $365, was sold for a total price of $1,825,000. The sale was facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura of Investment Property Realty Group (IPRG).

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,825,000
• Address: 223 Frost St., Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

Arik Bar Chaim purchased the development site from the Piecoro Family. The deal was coordinated by the team at Investment Property Realty Group (IPRG), with Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura acting as the brokers representing the buyer and seller.