David Kramer Acquires Development Site In Greenpoint & Williamsburg, Brooklyn For $29.8M

494 Manhattan Avenue & 438 Union Avenue, located in Greenpoint & Williamsburg, Brooklyn, has been sold as a development site. The transaction took place on 12/28/2022, with a sale price of $29,802,730. The property offers potential for future development in a highly desirable neighborhood.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $29,802,730
• Address: 494 Manhattan Avenue & 438 Union Avenue, Greenpoint & Williamsburg, Brooklyn
• Market: Greenpoint & Williamsburg, Brooklyn

David Kramer has purchased the property from Joel Schwartz. David Kramer's involvement in the deal signals his interest in expanding his real estate portfolio. Joel Schwartz, as the seller, has successfully completed the transaction. Both parties have played key roles in the successful sale of this development site.