John P. McCarthy Acquires Apartment In Williamsburg, Brooklyn For $76.8M From Seller Jay Levinton

The apartment building located at 120 Union Avenue in Williamsburg, Brooklyn was recently sold in a closed property transaction. The property is zoned as R6A and C2-4, allowing for both residential and commercial use. The sale took place on August 1, 2022.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $76,775,000
• Market: Williamsburg, Brooklyn

The buyer of the property was John P. McCarthy, while the seller was Jay Levinton. The sale price for the apartment building was $76,775,000. The building has a total of 78,000 building square footage (BSF), with a price per building square footage (PPBSF) of $984. The individual apartment units within the building have a total square footage (SF) of 70,200, with a price per square footage (PPSF) of $1,093.

The property has a floor area ratio (FAR) of 2.70 and is classified under tax class 2. The lot size is 26,000 square feet, with dimensions measuring 214.92 feet by 266.75 feet. The property previously obtained permits for alteration on September 22, 2020.