A three-unit multifamily building located at 216 Hewes Street in Williamsburg, Brooklyn, was sold for a total price of $3,200,000. The property encompasses a building size of 5,061 square feet, equating to a price per building square foot of approximately $632. The total square footage is reported to be 3,480, with a price per square foot of about $920.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Building Size: 5,061 BSF
• Price per Building Square Foot: $632
• Total Square Footage: 3,480 SF
• Price per Square Foot: $920
• Buyer: Yehuda Steinmetz, Yosef Beer & Menachem M. Deutsch
• Seller: 216 Hewes Street Trust
• Date of Sale: 04/29/2025

216 Terrace LLC, representing the buyers Yehuda Steinmetz, Yosef Beer, and Menachem M. Deutsch, acquired the multifamily asset from the seller, 216 Hewes Street Trust. This transaction reflects their investment in the Williamsburg market, further enhancing their real estate portfolio.