David Halberstam Acquires Development Site In Williamsburg, Brooklyn For $4.8M

A development site located at 630 Grand Street in Williamsburg, Brooklyn has been sold. The transaction took place on October 20, 2022, with David Halberstam purchasing the property from Sal Gjenasaj, Phillip Gjenasaj, and Izzy Islam Gjenasaj. The sale price for the property was $4,800,000. The development site has a total square footage of 2,040, with a price per square foot of $2,352. The building is expected to have a total of 8,000 buildable square feet, resulting in a price per buildable square foot of $600.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,800,000
• Address: 630 Grand Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

In this deal, David Halberstam acted as the buyer, while Sal Gjenasaj, Phillip Gjenasaj, and Izzy Islam Gjenasaj represented the sellers. The sale of this development site in Williamsburg, Brooklyn marks a significant transaction in the market.