Zelig Weiss Purchases Development Site At 604 Union Street In Gowanus For $11 Million

The property asset involved in the transaction is a development site located at 604 Union Street in the Gowanus market. The sale price was $11,000,000, and the total building square footage (BSF) is 41,406, resulting in a price per building square foot (PPBSF) of $265.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 604 Union Street
• Market: Gowanus
• Total Building Square Footage: 41,406
• Price Per Building Square Foot: $265
• Buyer: Zelig Weiss
• Seller: Simon Vays
• Broker Representatives: Sean R. Kelly, Esq., Nicole Daniggelis & Stephen Vorvolakos - Ariel Property Advisors

The deal was facilitated by brokerage experts who maintain longstanding relationships with both local and institutional investors, helping to successfully execute transactions across various development opportunities.