Samuel Teitelbaum Acquires Development Site At 23 Wythe Avenue In Williamsburg For $16.5M

A development site located at 23 Wythe Avenue in Williamsburg, Brooklyn has been acquired for $16,500,000. The property spans a total area of 58,267 square feet, resulting in a price per square foot of $283.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,500,000
• Buyer: Samuel Teitelbaum
• Address: 23 Wythe Avenue
• Market: Williamsburg, Brooklyn
• Loan Amount: $15,500,000
• Lender: OakNorth Bank and Oak Funding

Samuel Teitelbaum, represented by 21 Wythe Ave LLC, was involved in this transaction, showcasing his investment activities in the Brooklyn market.