Artlife Development Acquires Mixed-Use Property In Williamsburg For $3.2M

Located at 253 Bushwick Ave in Williamsburg, this mixed-use property consists of 6 apartments and 2 stores. The property was recently sold for a price of $3.2 million, with a total area of 6,600 square feet. This translates to a price per square foot of $485, making it a valuable asset in the market.

Summary of transaction details

• Property Type: Mixed-Use (6 Apartments & 2 Stores)
• Transaction Amount: $3.2 million
• Market: Williamsburg
• Buyer: Artlife Development - Guy Peleg
• Seller: Aulder Capital - Mike Zito

The sale of this property was facilitated by multiple brokers. Michael Guttman and Aaron Jungreis from Rosewood Realty Group NY, along with Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, and Hakeem Lecky from BRG_CRE, played instrumental roles in the transaction. This collaboration highlights the expertise and effort put in by these individuals and companies to ensure a successful deal.