RNS Holdings & Param Butter Acquire Mixed-Use & Development Site Portfolio In Williamsburg For $17.05M

The mixed-use portfolio and development site located at 676 Driggs Avenue, 700-704 Driggs Avenue, 706-712 Driggs Avenue, 216 Grand Street, and 179-183 S 1st Street in Williamsburg, Brooklyn, was sold for $17,050,000. The transaction involved buyers RNS Holdings and Param Butter, while the seller was the Fristachi Family. The property is a valuable asset in the market due to its prime location and potential for mixed-use development.

Summary of transaction details:

• Property Type: Mixed-Use Portfolio & Development Site
• Transaction Amount: $17,050,000
• Address: 676 Driggs Avenue, 700-704 Driggs Avenue, 706-712 Driggs Avenue, 216 Grand Street & 179-183 S 1st Street
• Market: Williamsburg, Brooklyn
• Buyer: RNS Holdings & Param Butter
• Seller: Fristachi Family
• Brokers: Zach Redding & Dylan Kane - Colliers International

Zach Redding and Dylan Kane from Colliers International represented the buyers and sellers in this significant transaction, showcasing their expertise in brokering complex deals in the competitive real estate market of Williamsburg, Brooklyn. The involvement of reputable brokers adds a layer of professionalism and strategic negotiation to the purchase of this lucrative property.