DAX Real Estate Acquires Mixed-Use Property In Williamsburg, Brooklyn For $21.8M

The mixed-use property located at 232-236 North 12th Street in Williamsburg, Brooklyn has been sold. The transaction took place on November 28, 2022. The property offers unobstructed views of McCarren Park and the Manhattan Skyline. It consists of tax class protected elevator buildings in a 100% free market. The sale was made off-market, indicating that it was not publicly listed.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $21,775,000
• Square Footage: 25,275
• Price per Square Foot: $862
• Market: Williamsburg, Brooklyn

The buyer of the property was DAX Real Estate, represented by Danny Hedaya and Max Seibald. The transaction was facilitated by brokers Mike Salvatico, Shaun Riney, and Sam Leppo, who work for Marcus & Millichap. The sale price of $21,775,000 reflects the value of the property.

It is worth noting that the property is 100% free market with tax class protection. The buildings have an elevator and offer unobstructed views of McCarren Park and the Manhattan Skyline. The sale of this property was not publicly advertised, as it was sold off-market. The NYM Group, which includes the buyer and their representatives, has been involved in a significant number of real estate deals in 2022 and has several more in the pipeline.