SOLD
Hubb NYC Acquires Multifamily Property In Williamsburg, Brooklyn For $116.2M
247 North 7th Street
MultiFamily
151,000 SF
151,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
151,000 sqft
A multifamily property located at 247 N. 7th St. in Williamsburg, Brooklyn has been sold for a total price of $116,200,000. The property consists of 169 units with an average price per unit (PPU) of $687,573. The total square footage of the property is 151,000, resulting in a price per square foot (PPSF) of $769.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $116,200,000
- Units: 169
- PPU: $687,573
- Square Footage: 151,000
- PPSF: $769
- Address: 247 N. 7th St., Williamsburg, Brooklyn
The buyers in this transaction are John McCarthy and Jesse Terry from HUBB NYC, while the seller is Greystar. The deal was facilitated by Rob Hinckley, Jeff Julien, Steven Rutman, John Taylor, and Joy Ryoo from JLL, who represented both the buyer and the seller.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Steven Rutman, Jeff Julien, Rob Hinckley, John Taylor & Joy Ryoo
DATE: 12/16/2021
ADDRESS: 247 N. 7th St.
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Multifamily
BUYER: John McCarthy & Jesse Terry - HUBB NYC
SELLER: Greystar
BROKERS: Rob Hinckley, Jeff Julien, Steven Rutman, John Taylor, & Joy Ryoo – JLL
SALE PRICE: $116,200,000
UNITS: 169 ~ PPU: $687,573
SF: 151,000 ~ PPSF: $769View on map
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Address247 North 7th Street
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