Edifice Management/ Holliswood Development Acquires Multifamily Properties In Williamsburg, Brooklyn For $8.95M

In a recent transaction in Williamsburg, Brooklyn, a multifamily property located at 431 & 433 Wythe Avenue & 313 South 4th Street changed hands. The property, spanning 14,800 square feet, consists of 28 units. The sale price for this transaction was $8,950,000, resulting in a price per unit of $319,643 and a price per square foot of $605.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,950,000
• Address: 431 & 433 Wythe Avenue & 313 South 4th Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Dana Lowey, Helena Wilner & Solomon Berger - Edifice Management/ Holliswood Development
• Seller: Gil Boosidan
• Brokers: Ben Khakshoor, Alex Fuchs & Reouven Elharar - Rosewood Realty Group
• Units: 28
• Price per Unit: $319,643
• Square Footage: 14,800
• Price per Square Foot: $605

Holliswood Development, represented by Dana Lowey, Helena Wilner, and Solomon Berger of Edifice Management, made this acquisition to further expand their portfolio and contribute to the development of affordable luxury properties in prime NYC communities. For any inquiries or potential deals, please reach out to Solomon Berger at [email protected].