Anthony Morena Of Mortar Group Acquires Development Site In Williamsburg For $2.3M

The asset involved in this transaction is a development site located at 470 Humboldt Street in Williamsburg, Brooklyn. The sale price for this property was $2,300,000, which translates to a building square footage (BSF) of 5,000 and a price per building square foot (PPBSF) of $460. Additionally, the site has a total square footage (SF) of 2,500 with a price per square foot (PPSF) of $920.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,300,000
• Address: 470 Humboldt Street
• Market: Williamsburg, Brooklyn
• Building Square Footage (BSF): 5,000
• Price per Building Square Foot (PPBSF): $460
• Total Square Footage (SF): 2,500
• Price per Square Foot (PPSF): $920
• Buyer: Anthony Morena - Mortar Group
• Seller: Babino Family
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

Key individuals involved in the transaction include the buyer Anthony Morena representing Mortar Group and the seller, the Babino Family. The deal was brokered by a team from Investment Property Realty Group (IPRG), which consisted of Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde.