Joel Wertzberger Of BridgeCity Capital Acquires Hotel In Williamsburg Brooklyn For $30M

A hotel located at 159 Broadway in Williamsburg, Brooklyn has been sold for a price of $30 million. The asset encompasses a total square footage of 112,041 square feet, resulting in a price per square foot of $268.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $30,000,000
• Address: 159 Broadway
• Market: Williamsburg, Brooklyn
• Square Footage: 112,041
• Price per Square Foot: $268
• Buyer: Joel Wertzberger - BridgeCity Capital
• Seller: David Speiser - Madison Realty Capital
• Closing Date: January 21, 2026

Joel Wertzberger, representing BridgeCity Capital, executed the acquisition of the hotel from David Speiser, who represented Madison Realty Capital in this transaction.