Southside Units Acquires Development Site On Metropolitan Avenue In Williamsburg, Brooklyn For $3.7M | 624 Metropolitan Avenue | Mike Kavanagh, Daniel (Dan) O'Brien, Caroline Hodes, John Ciraulo, Craig Waggner | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

11,500 sqft

A development site located at 624 Metropolitan Avenue in Williamsburg, Brooklyn has been sold for $3,700,000. The property spans approximately 11,500 square feet and has a price per buildable square foot (PPBSF) of $322. The transaction took place on August 24, 2023.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $3,700,000
Address: 624 Metropolitan Avenue, Williamsburg, Brooklyn
Market: Williamsburg, Brooklyn
BSF: 11,500 square feet
PPBSF: $322

The buyer of the development site is Southside Units, represented by Joel Schwartz. Red Thumb Development, led by Joseph Dougherty, acted as the seller. The deal was facilitated by brokers Daniel O'Brien, Caroline Hodes, Mike Kavanagh, John Ciraulo, and Craig Waggner from Cushman & Wakefield.

Players

All
7

Agents
5
Agencies
2

Mike Kavanagh

Associate

$131.2M Sold

Daniel (Dan) O'Brien

Executive Managing Director

$2.5B Sold

$872.1M Sold

$426M Sold

$428.5M Sold

Details

Deal Summary

SOLD

IMAGE: Caroline Hodes, Mike Kavanagh, Daniel O'Brien, Craig Waggner & John Ciraulo DATE: 08/24/2023 ADDRESS: 624 Metropolitan Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site BUYER: Southside Units - Joel Schwartz SELLER: Red Thumb Development - Joseph Dougherty BROKERS: Daniel O'Brien, Caroline Hodes (@CarolineHodes), Mike Kavanagh (@KavanaghMike), John Ciraulo (@JohnCiraulo) & Craig Waggner - Cushman & Wakefield (@CushWake) (@KingsandQueensCapitalMarkets) SALE PRICE: $3,700,000 BSF: 11,500 ~ PPBSF: $322

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Address624 Metropolitan Avenue

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