Michael Weitzman Of Double U Realty Acquires Retail Building In Greenpoint For $8.9M

A retail building located at 144 Greenpoint Avenue in Greenpoint, Brooklyn, was sold for $8,925,000. The property spans 14,400 square feet, resulting in a price per square foot of $620. The transaction marks a transition in ownership from the previous owners, MacArthur Holdings, to the new buyer, Double U Realty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,925,000
• Buyer: Michael Weitzman - Double U Realty
• Seller: David Katz, Howard Katz & Philip Katz - MacArthur Holdings
• Date of Transaction: 01/23/2025
• Market: Greenpoint, Brooklyn
• Square Footage: 14,400
• Price Per Square Foot: $620

The transaction involved key stakeholders, including Michael Weitzman representing Double U Realty, the buyer of the property. The sellers, a group comprising David Katz, Howard Katz, and Philip Katz, are affiliated with MacArthur Holdings. The buyer has plans for development on the acquired retail site.