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

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.