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Mann Group Acquires Development Site At 161 Wythe Avenue In Williamsburg For $6.3M

161 Wythe Avenue
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This Development Site property located in NY was sold for $6,300,000 over 4 years ago. The broker of the deal was Brendan Maddigan

Located in the vibrant neighborhood of Williamsburg, Brooklyn, the development site at 161 Wythe Avenue has been sold in a closed transaction. The property, with a total buildable square footage (BSF) of 4,090, offers an exciting opportunity for future development. The sale price for this prime development site was recorded at $6,300,000, resulting in a price per buildable square footage (PPBSF) of $1,540.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $6,300,000
  • Buildable Square Footage (BSF): 4,090
  • Price per Buildable Square Footage (PPBSF): $1,540
  • Address: 161 Wythe Avenue
  • Market: Williamsburg, Brooklyn

Representing the seller in this transaction was Dan Margulies. On the buying side, Mann Group acquired the development site. The deal was facilitated by a team of skilled brokers, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford.

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Deals
  • Location
    161 Wythe Ave, Brooklyn, NY 11249, USA161 Wythe Ave, Brooklyn, NY 11249, USA
  • Sale Price
    $6,300,000$6,300,000
    $154 PPSF$154 PPSF
  • Area
    40,900 SF40,900 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brendan Maddigan

Brendan Maddigan

Deals80
Financed$2.7B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Deal Summary

IMAGE: @BrendanMaddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford DATE: 12/11/2019 ADDRESS: 161 Wythe Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site SALE PRICE: $6,300,000 BSF: 4,090 PPBSF: $1,540 SELLER: Dan Margulies BUYER: Mann Group BROKERS: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford

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161 Wythe Avenue

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