SOLD
Joel Schwartz Acquires Development Site In Williamsburg, Brooklyn For $3.13M
596 Metropolitan Avenue
Development Site
1,620 SF
1,620 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
1,620 sqft
Located in Williamsburg, Brooklyn, a development site at 596 Metropolitan Avenue has recently been sold for a total of $3,130,000. The property spans a total of 11,500 square feet and has a price per buildable square foot of $272. This development site has a potential for 12 units, with each unit priced at $260,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,130,000
- Square Footage: 11,500
- Price Per Buildable Square Foot: $272
- Total Units: 12
- Price Per Unit: $260,000
The seller of the property is James Tenaglia, Jr., while the buyer is Joel Schwartz from South Side Units. The transaction was facilitated by CPEX Real Estate, with brokers Brian Leary, Sean Sears, Jidan Kim, and Dimitri P. Venekas representing both parties involved in the deal.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Brian T. Leary, Dimitri P. Venekas, Sean Sears, Jidan Kim
DATE: 02/28/2019
ADDRESS: 596 Metropolitan Avenue
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Development Site
SALE PRICE: $3,130,000
BSF: 11,500 / PPBSF: $272
UNITS: 12 / PPU: $260K
SELLER: James Tenaglia, Jr.
BUYER: Joel Schwartz - South Side Units
BROKERS: CPEX Real Estate- Brian Leary, Sean Sears, Jidan Kim (@strjkimg), and Dimitri P. Venekas (@d_venekas)View on map
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Address596 Metropolitan Avenue
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