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Southside Units Acquires Development Site On Metropolitan Avenue In Williamsburg, Brooklyn For $3.7M

Property Image
SOLD
$3,700,000
Mike Kavanagh
Daniel (Dan) O'Brien
John Ciraulo
+ 3

New York

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Development Site11,500 SF
Sold 08/24/2023
the dealplayerscompscontact
Property Image
SOLD

Southside Units Acquires Development Site On Metropolitan Avenue In Williamsburg, Brooklyn For $3.7M

624 Metropolitan Ave Brooklyn, NY 11211, USA

See Similar Deals
Development Site11,500 SF
Sold 08/24/2023
Mike Kavanagh
Daniel (Dan) O'Brien
John Ciraulo
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$321
Total Square Footage:11,500 SF
Transaction Type:Sale

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

John Ciraulo
Cushman & Wakefield
John Ciraulo
47 deals$732.2M volume(212) 660-7700
BROKER
Mike Kavanagh
Newmark
Mike Kavanagh
30 deals$301M volume(212) 660-7765
BROKER
Caroline Hodes
Newmark
Caroline Hodes
93 deals$1.8B volume(516) 263-9404
BROKER
Craig Waggner
Cushman & Wakefield
Craig Waggner
46 deals$696M volume
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
145 deals$4.6B volume(212) 698-5584
BROKER
JS
Joel Schwartz
43 deals$450.9M volume
BUYER

Details

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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