Peter G. Papamichael Acquires Specialty Retail Property In Williamsburg Brooklyn For $3.1M

A specialty retail property was sold for $3,100,000, located at 184 North 8th Street in Williamsburg, Brooklyn. The building has a total area of 7,200 square feet, equating to a price per square foot of $431.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $3,100,000
• Address: 184 North 8th Street
• Market: Williamsburg, Brooklyn
• Square Footage: 7,200
• Price per Square Foot: $431
• Buyer: Peter G. Papamichael
• Seller: Elizabeth Comerford
• Seller Company: Cilium Corp.

Peter Papamichael, acting through Lic01 LLC, purchased the property from Elizabeth Comerford, indicating plans for a cash-flowing use. This transaction highlights the ongoing interest in specialty retail assets in the Williamsburg area.