CW Realty Acquires Development Site In Williamsburg For $24.7M

A development site located at 134 Hope Street in Williamsburg has been sold for $24,700,000. The property spans a total of 70,685 square feet, and the price per square foot comes out to $349. The site is planned for the construction of 100 units, with each unit costing approximately $247,000.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $24,700,000
• Address: 134 Hope Street
• Market: Williamsburg
• Building Square Footage: 70,685
• Price Per Square Foot: $349
• Number of Units: 100
• Price Per Unit: $247,000

The buyer of the property is Cheskie Weisz, representing CW Realty. The seller of the property is Heatherwood. The deal was facilitated by Marcus & Millichap, with Said Boukhalfa representing the brokerage.