CW Realty Group Buys Development Site At 55 Smith Street Brooklyn For $58.08M

The asset involved in this transaction is a development site located at 55 Smith Street in the Brooklyn market. The sale price for this property was $58,075,000, covering a buildable square footage of 164,484. The price per buildable square foot is documented at $353.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,075,000
• Address: 55 Smith Street
• Market: Brooklyn
• Buildable Square Footage: 164,484
• Price per Buildable Square Foot: $353
• Buyer: CW Realty Group - Cheskie Weisz & Shia Weisz
• Seller: Edison Properties
• Brokers: Michael Mazzara, Ethan Stanton, Brendan Maddigan & Drew Isaacson - JLL

The representation in this transaction includes Cheskie Weisz and Shia Weisz from CW Realty Group as buyers, while Edison Properties served as the seller. The brokerage team from JLL, consisting of Michael Mazzara, Ethan Stanton, Brendan Maddigan, and Drew Isaacson, facilitated the deal.