Kassin Sabbagh Realty Development And ICER Properties Acquire East Williamsburg Dev. Site For $2.1M

Located in East Williamsburg, this development site at 69 Graham Avenue & 69 Moore Street has been sold in a recent transaction. The property is zoned for R6 and C1-3, making it suitable for mixed-use development. With a sale price of $2,100,000, the buyer and seller involved in this deal were Gregory Dweck and Joseph Jemal representing Kassin Sabbagh Realty Development and ICER Properties respectively, with the seller being HSCHEC Realty represented by Harvey Schechter. The total buildable square footage of the site is 14,337, with a price per buildable square footage of $146, and the total square footage is 6,806, with a price per square foot of $308.

Summary of transaction details:

• Property Type: Development Site 🏗
• Transaction Amount: $2,100,000
• Address: 69 Graham Avenue & 69 Moore Street
• Market: East Williamsburg
• Zoning: R6, C1-3
• Buyer: @Kassin_Sabbagh_Realty Development - Gregory Dweck & @ICERProperties - Joseph Jemal
• Seller: HSCHEC Realty - Harvey Schechter
• BSF: 14,337
• PPBSF: $146
• SF: 6,806
• PPSF: $308

Gregory Dweck, representing Kassin Sabbagh Realty Development, and Joseph Jemal, representing ICER Properties, played key roles as the buyers in this transaction. They are actively looking for more development sites for mixed-use projects throughout NYC. The seller, HSCHEC Realty, was represented by Harvey Schechter.