Lazer Derbarmdiger Acquires Multifamily Property In Williamsburg For $6.3M

Located at 221 Middleton Street in the Williamsburg market, this multifamily property recently changed hands in a sale transaction. The deal was closed on August 11, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 221 Middleton Street
• Market: Williamsburg
• Buyer: Lazer Derbarmdiger
• Seller: Huarong Zheng
• Units: 14
• Price per Unit: $450,000
• Square Footage: 14,902
• Price per Square Foot: $422

Lazer Derbarmdiger was the buyer in this transaction, while Huarong Zheng was the seller. The property consists of 14 units and spans approximately 14,902 square feet, resulting in a price per unit of $450,000 and a price per square foot of $422. The closing of this sale signifies the successful transfer of ownership for this multifamily asset.