Poise Property Group Acquires Williamsburg Development Site For $4.16M

A development site located at 402-404 Manhattan Avenue in Williamsburg, Brooklyn has been sold in a closed transaction. The property spans 11,000 square feet and was sold for a price of $4,160,000, resulting in a price per square foot of $378.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,160,000
• Address: 402-404 Manhattan Avenue
• Market: Williamsburg, Brooklyn

The deal involved Daniel Kaykov and Val Katayev from Poise Property Group as the buyers and Patrick & Victoria Drexler as the sellers. The Corcoran Group represented both parties in the transaction, with Chris Cavorti, Donald Lai, Marvin Chu, and Evan Church acting as the brokers.