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658 Driggs Avenue
SOLD

Robert Li Acquires Mixed-Use Property In Williamsburg, Brooklyn For $25.5M

658 Driggs Avenue

Mixed-use
18,980 SF
clock iconSold 1 year ago
Andrew Cohen
Matt Fagella
Max Herzog
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Summary

Sale
NEW YORK
Mixed-use
18,980 sqft

The mixed-use property located at 658 Driggs Ave. in Williamsburg, Brooklyn has been sold for a price of $25,500,000. The transaction took place on 05/31/2022. The property consists of 20 units, with an average price per unit of $1,275,000. It spans over a total area of 19,210 square feet, resulting in a price per square foot of $1,327.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $25,500,000
  • Units: 20
  • Price per Unit: $1,275,000
  • Total Area: 19,210 sqft
  • Price per Square Foot: $1,327
  • Market: Williamsburg, Brooklyn

The buyer of the property is Robert Li, while the seller is Mavik Capital. The transaction was facilitated by brokers Adam Spies, Adam Doneger, Dan O'Brien, and Caroline Hodes from Cushman & Wakefield.

Players

  • All

    12

  • Agents

    9

  • Agencies

    3

Andrew Cohen's profile picture
Andrew Cohen
Institutional Property Advisors-image
Associate
$44.8M Sold
Matt Fagella's profile picture
Ethan Stanton's profile picture
Marko Kazanjian's profile picture
Caroline Hodes's profile picture

Details

Deal Summary
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SOLD
IMAGE: Adam Spies, Adam Doneger, Dan O'Brien, Caroline Hodes & Robert Li DATE: 05/31/2022 ADDRESS: 658 Driggs Ave. MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use BUYER: Robert Li SELLER: Mavik Capital BROKERS: Adam Spies, Adam Doneger (@ADoneger), Dan O'Brien & Caroline Hodes (@CarolineHodes) - Cushman & Wakefield (@CushWake) (@KingsAndQueensCapitalMarkets) SALE PRICE: $25,500,000 UNITS: 20 ~ PPU: $1,275,000 SF: 19,210 ~ PPSF: $1,327

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Address658 Driggs Avenue

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