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Highpoint Property Group And Corner Street Capital Acquire Multifamily Portfolio In Williamsburg For $166.15M

Property Image
SOLD
$166,150,000
Brendan Maddigan
Winfield Clifford
+ 2

New York

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MultiFamily144,000 SF
Sold 09/05/2022
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Property Image
SOLD

Highpoint Property Group And Corner Street Capital Acquire Multifamily Portfolio In Williamsburg For $166.15M

96 Bedford Avenue

See Similar Deals
MultiFamily144,000 SF
Sold 09/05/2022
Brendan Maddigan
Winfield Clifford
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,153
Total Square Footage:144,000 SF
Transaction Type:Sale

A multifamily property located at 96 Bedford Ave., 217 Court St., 144 N 11th St., 99 N 7th St., 273 Leonard St., 148-152 S 4th St., 22 Melrose St., 482-488 Seneca Ave., 555 Grand St., 58 Palmetto St., 175-177 Palmetto St., 540 Driggs Ave., 209 Montrose Ave., 41 Skillman Ave., 725 Metropolitan Ave., & 183 Ainslie St., 99 N 4th St. in Williamsburg, Brooklyn was recently sold for a total price of $166,150,000. The property consists of 180 units with an average price per unit of approximately $923,055. The total square footage of the property is 144,000, resulting in an average price per square foot of $1,153.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $166,150,000
  • Units: 180
  • Price Per Unit: $923,055
  • Square Footage: 144,000
  • Price Per Square Foot: $1,153

The buyer of the property was Highpoint Property Group represented by Drew Popkin and Corner Street Capital represented by Ross Banon. The sale was brokered by Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford of JLL.

Players

Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER

Ethan Stanton
JLL
133 deals$6.1B volume(516) 790-7718
BROKER

Winfield Clifford
JLL
75 deals$2.6B volume(212) 376-5443
BROKER

Michael Mazzara
JLL
111 deals$3.9B volume(212) 376-5450
BROKER

Stephen Palmese
JLL
84 deals$3.3B volume(212) 376-1228
BROKER

The Corcoran Group
BROKERAGE

Details

SOLD
IMAGE: Brendan Maddigan, Ethan Stanton, Ross Banon, Stephen Palmese, Drew Popki, Winfield Clifford & Michael Mazzara DATE: 09/06/2022 ADDRESS: 96 Bedford Ave., 217 Court St., 144 N 11th St., 99 N 7th St., 273 Leonard St., 148-152 S 4th St., 22 Melrose St., 482-488 Seneca Ave., 555 Grand St., 58 Palmetto St., 175-177 Palmetto St., 540 Driggs Ave., 209 Montrose Ave., 41 Skillman Ave., 725 Metropolitan Ave., & 183 Ainslie St., 99 N 4th St.. MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BUYER: Highpoint Property Group (@HighpointPropertyGroup) - Drew Popkin & Corner Street Capital - Ross Banon BROKERS: Brendan Maddigan (@BrendanMaddigan), Ethan Stanton (@Snipa_Stanton), Stephen Palmese (@StephenPalmese) (@SPalmesejl) (@Stephen.Palmese), Michael Mazzara (@Mmazz129) & Winfield Clifford - JLL (@JLL) SALE PRICE: $166,150,000 UNITS: 180 ~ PPU: $923,055 SF: 144,000 ~ PPSF: $1,153

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