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

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.