Lloyd Goldman Of BLDG Management Acquires Two Williamsburg Office Buildings From Cayuga Capital For $26.9M

BLDG Management acquired two office buildings located at 97 North 10th Street and 79 North 10th Street in Williamsburg, Brooklyn. The sale price for the properties was $26,900,000, with a building square footage of 45,262 and a price per building square foot of $594. Additionally, the total square footage is 35,068, amounting to a price per square foot of $767.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,900,000
• Buyer: Lloyd Goldman - BLDG Management
• Seller: Jacob L. Sacks & James P. Wiseman - Cayuga Capital Management
• Building Square Footage: 45,262
• Price per Building Square Foot: $594
• Total Square Footage: 35,068
• Price per Square Foot: $767

The transaction was facilitated by Lloyd Goldman representing BLDG Management and involved Jacob L. Sacks & James P. Wiseman representing Cayuga Capital Management. This acquisition took place as a deed-in-lieu of foreclosure, as it involved a sale price slightly above the $26.5M outstanding debt.