Naftali Group Acquires Development Site In Williamsburg, Brooklyn For $102M

A development site located at 470 Kent Avenue in Williamsburg, Brooklyn has been sold for a price of $102,000,000. The property spans a total of 472,500 square feet and has a price per square foot of $216. The transaction involved the sale of the property from The Rosenberg Family to the Naftali Group.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $102,000,000
• Address: 470 Kent Avenue, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• BSF: 472,500
• PPBSF: $216
• Seller: The Rosenberg Family
• Buyer: Naftali Group
• Brokers: Brendan Maddigan, Robert Burton, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, David Hochfelder

The deal was facilitated by a team of brokers including Brendan Maddigan, Robert Burton, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and David Hochfelder.