Justin Lee Purchases Multifamily Property At 170 South 2nd Street For $4,250,000

Justin Lee has purchased a multifamily property located at 170 South 2nd Street in Williamsburg, Brooklyn. The property spans 5,610 square feet and was acquired for a total of $4,250,000, resulting in a price per square foot of $758. The transaction closed on June 16, 2026.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,250,000
• Sale Date: June 16, 2026
• Address: 170 South 2nd Street
• Market: Williamsburg, Brooklyn
• Square Footage: 5,610
• Price Per Square Foot: $758
• Seller: Marcial Tarrats & Rosemary Richardson
• Buyer: Justin Lee

Marcial Tarrats and Rosemary Richardson acted as the sellers in this transaction. Their decision to sell this property followed market trends in the Williamsburg area, characterized by ongoing interest in multifamily assets.