Arik Bar Chaim Acquires Mixed-use Property On Frost Street, Williamsburg, Brooklyn For $5.5M

The mixed-use property located at 219-221 Frost Street in Williamsburg, Brooklyn has been sold for a price of $5,500,000. The property, measuring 5,850 square feet, is situated on a lot with dimensions of 62.5 ft x 100 ft. The sale price per square foot is $940, and the building has a total square footage of 12,500, resulting in a price per buildable square foot of $440. The property falls under zoning category R6B with a floor area ratio (FAR) of 2.0.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,500,000
• Address: 219-221 Frost Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Zoning: R6B
• FAR: 2.0

Arik Bar Chaim is the buyer of the property, while Turigiano Family is the seller. The transaction was facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde from Investment Property Realty Group (IPRG).