Joel Wieder Acquires Multi-Use Property In Greenpoint, Brooklyn For $4.2M

Located in the vibrant neighborhood of Greenpoint, Brooklyn, the property at 73 & 75 McGuinness Boulevard has recently changed hands in a closed sale transaction. The multi-use asset, with a total floor area of 16,668 square feet, sits on a 2,500 square foot lot. The property is zoned as R7A, offering versatile potential for various uses. The transaction took place on December 20, 2021, with a sale price of $4,195,000.

Summary of transaction details

• Property Type: Multi Use
• Transaction Amount: $4,195,000
• Address: 73 & 75 McGuinness Boulevard, Greenpoint, Brooklyn
• Market: Greenpoint, Brooklyn
• Zoning: R7A
• Buyer: Joel Wieder
• Seller: Shlomo Nahmias
• Building Square Footage: 16,668
• Price Per Building Square Foot: $252
• Lot Size: 2,500
• Last Sale Price: $1,700,000 (10/30/2019)
• Permits: Full demolition (11/15/2021)
• Lot Dimension: 25 ft x 100 ft

In this transaction, Joel Wieder emerged as the buyer, while Shlomo Nahmias served as the seller. The previous sale of the property occurred on October 30, 2019, at a price of $1,700,000. Notably, a full demolition permit was obtained on November 15, 2021, suggesting potential redevelopment plans for the site in the future.