GDC Properties Acquires Mixed-Use Property In Williamsburg, Brooklyn For $21.35M

A mixed-use property located at 625 Driggs Ave. in Williamsburg, Brooklyn, was recently sold for a total price of $21,350,000. The property spans 17,656 square feet and was sold at a price of $1,209 per square foot.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $21,350,000
• Square Footage: 17,656
• Sale Price per Square Foot: $1,209
• Address: 625 Driggs Ave., Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

The buyer of the property is GDC Properties, while the seller is Mavik Capital. The sale was facilitated by Daniel O'Brien, Adam Spies, Adam Doneger, Caroline Hodes, and Loren Valla from Cushman & Wakefield.