Development Site At 544-548 Union Street Sold For $9M With Buyer’s Attorney Jay H. Levinton

The asset involved is a development site located at 544-548 Union Street in the Gowanus market. This property was sold for $9,000,000, encompassing a total building square footage of 21,600, resulting in a price per square foot of $417.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,000,000
• Building Square Footage: 21,600
• Price Per Square Foot: $417
• Address: 544-548 Union Street
• Market: Gowanus

The transaction was facilitated by the brokers Sean R. Kelly, Esq., Stephen Vorvolakos, and Nicole Daniggelis from Ariel Property Advisors. The seller was represented by attorneys Christopher Merone, Esq. and Anthony Castellano, Esq. from Castellano & Merone Law Group, PLLC, while the buyer was represented by attorney Jay H. Levinton, Esq. from Seyfarth Shaw LLP.