Elysee Investments Acquires Development Site In Williamsburg Brooklyn From Metropolitan Homes For $3.8M

The property involved in this transaction is a development site located at 92-94 North 9th Street in Williamsburg, Brooklyn. The sale price was $3,800,000, with a building square footage of 6,668 and a lot size of 3,334 square feet. The price per building square foot is $570, while the price per lot square foot is $1,140.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $3,800,000
• Buyer: Elysee Investments
• Seller: Metropolitan Homes
• Broker Representatives: Andrew Manasia, Daniel Lebor & Thomas Horrigan - Terra CRG
• Building Square Footage: 6,668
• Lot Size: 3,334
• Price per Building Square Foot: $570
• Price per Lot Square Foot: $1,140

The transaction was structured and executed in a simultaneous contract and closing. The intended development is for condominiums. Potential inquiries regarding this transaction or other development opportunities can be directed to Andrew Manasia via cell at (516) 974-2393 or email at [email protected].