Hubb NYC Acquires Multifamily Property In Williamsburg, Brooklyn For $116.2M

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.