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Bushwack Capital Acquires Development Site In East Williamsburg For $12.3M

Property Image
SOLD
$12,271,500

New York

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Development Site84,332 SF
Sold 10/04/2021
the dealdetailscomps
Property Image
SOLD

Bushwack Capital Acquires Development Site In East Williamsburg For $12.3M

25 Stewart Avenue, East Williamsburg, Brooklyn, NY, USA

See Similar Deals
Development Site84,332 SF
Sold 10/04/2021
the dealdetailscomps

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$145
Total Square Footage:84,332 SF
Transaction Type:Sale

A development site located at 25 Stewart Avenue in East Williamsburg, with a lot size of 42,166 square feet, has been sold for a price of $12,271,500. The property is zoned M1-2, allowing for commercial use, and has a floor area ratio (FAR) of 2. The last recorded sale of this property was on December 24, 2020, for a price of $3,000,000. It also received permits for alteration on July 13, 2017. The lot dimensions are 119.92 ft x 297.68 ft.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $12,271,500
  • Market: East Williamsburg
  • Zoning: M1-2
  • Lot Size: 42,166 sq ft
  • FAR: 2 (Commercial)
  • Last Sale Price: $3,000,000 (12/24/2020)
  • Permits: Alteration 3 (07/13/2017)
  • Lot Dimensions: 119.92 ft x 297.68 ft

The buyer of the property is Bushwack Capital, while the seller is J. Stewart Realty LLC.

Players

BC
Bushwack Capital
BUYER
RL
Realty LLC
SELLER

Details

SOLD
IMAGE: 10/04/2021 ADDRESS: 25 Stewart Avenue MARKET: East Williamsburg ASSET TYPE: Development Site ~ ZONING: M1-2 BUYER: Bushwack Capital SELLER: J. Stewart Realty LLC SALE PRICE: $12,271,500 BSF: 84,332 ~ PPBSF: $145 FAR: 2 (Commercial) TAX CLASS: 4 LOT SIZE: 42,166 LAST SALE PRICE: $3,000,000 (12/24/2020) PERMITS: Alteration 3 (07/13/2017) LOT DIMENSION: 119.92 ft x 297.68 ft

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