Josef Perlstein Acquires Mixed-Use Property In Williamsburg For $10.5M

The mixed-use property located at 409-413 Broadway in Williamsburg has been sold in a recent transaction. The property, which has a total square footage of 30,675, was sold for a price of $10,500,000. This translates to a price per square foot of $342. The transaction took place on 12/08/2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $10,500,000
• Square Footage: 30,675
• Price per Square Foot: $342
• Address: 409-413 Broadway, Williamsburg
• Zoning: R6, C2-3

The buyer of the property is Josef Perlstein, while the sellers include Haimof Group, Co-Finance Group, and City Urban Realty. The deal was facilitated by brokers James Nelson, Fritz Richter, and Bradley Rothschild of Avison Young. The transaction represents a capitalization rate of 4.9%.