MetLife Acquires Multifamily Asset In Williamsburg From Clarion Partners For $68.25M

MetLife has acquired a multifamily property located at 44 Berry St & 139 N 10th St in Williamsburg. The transaction was completed on January 25, 2023, with a sale price of $68,250,000. The property consists of 78 units with an average price per unit of $875,000. Spanning across 66,981 square feet, the property has a price per square foot of $1,019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $68,250,000
• Market: Williamsburg
• Address: 44 Berry St & 139 N 10th St
• Buyer: MetLife
• Seller: Clarion Partners
• Brokers: Gary Phillips, Will Silverman & Daniel Parker - Eastdil Secured
• Units: 78
• Price per Unit: $875,000
• Square Footage: 66,981
• Price per Square Foot: $1,019

The transaction was facilitated by brokers Gary Phillips, Will Silverman, and Daniel Parker from Eastdil Secured.