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383 Union Avenue
SOLD

Joel Schwartz Acquires Development Site In East Williamsburg For $2.85M

383 Union Avenue

Development Site
9,950 SF
clock iconSold 1 year ago
Michael (Mike) Salvatico
Louis Lebovits
Shaun Riney
+ 2
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Summary

Sale
NEW YORK
Development Site
9,950 sqft

A development site located at 383 Union Ave in East Williamsburg, Brooklyn has been sold in a closed transaction. The property spans a total square footage of 3,748 with a price per square foot (PPSF) of $760. It offers a building square footage (BSF) of 8,249 with a price per BSF (PPBSF) of $345. The asking price for the site was $3,050,000, and it was sold for $2,850,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,850,000
  • Address: 383 Union Ave
  • Market: Brooklyn, East Williamsburg
  • Square Footage: 3,748
  • Price per Square Foot (PPSF): $760
  • Building Square Footage (BSF): 8,249
  • Price per BSF (PPBSF): $345

The seller of the property was Ravi Patel, while the buyer was Joel Schwartz. The transaction was facilitated by the brokers Shaun Riney, Mike Salvatico, and John Barney from Marcus & Millichap.

Players

  • All

    7

  • Agents

    4

  • Agencies

    2

  • Lenders

    1

Michael (Mike) Salvatico's profile picture
Michael (Mike) Salvatico
Marcus & Millichap-image
Real Estate Broker
$627.3M Sold

Details

Deal Summary
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SOLD
IMAGE: Shaun Riney, Mike Salvatico, John Barney DATE: 06/20/2019 ADDRESS: 383 Union Ave MARKET: Brooklyn, East Williamsburg ASSET TYPE: Development Site ASKING PRICE: $3,050,000 SALE PRICE: $2,850,000 SF: 3,748 PPSF: $760 BSF: 8,249 PPBSF: $345 SELLER: Ravi Patel BUYER: Joel Schwartz BROKERS: Shaun Riney, Mike Salvatico, John Barney – Marcus & Millichap

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Address383 Union Avenue

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