Mortar Group Acquires Development Site In Williamsburg, Brooklyn For $5.45M

A development site located at 30-32 Bushwick Ave. in Williamsburg, Brooklyn, has been sold in a recent transaction. The property, with a total building square footage (BSF) of 14,907, was acquired for a sale price of $5,450,000, resulting in a price per building square footage (PPBSF) of $365. The deal was finalized on 05/03/2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,450,000
• Address: 30-32 Bushwick Ave.
• Market: Williamsburg, Brooklyn

Mortar Group, represented by Anthony Morena, acted as the buyer in this transaction, while Xing Hua Lin served as the seller. The brokerage team involved in the deal included Paula Manna from Compass, and Andrew Manasia and Daniel Lebor from TerraCRG.