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Gemini Rosemont Acquires Development Site In Williamsburg, Brooklyn For $18.2M

167 N 1st Street
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This Development Site property located in NY was sold for $18,200,000 about 4 years ago. The broker of the deal was Brendan Maddigan

A development site located at 167 N 1st Street in Williamsburg, Brooklyn has been sold. The property was listed with an asking price of $18,900,000 and ultimately sold for $18,200,000. The site has a buildable square footage (BSF) of 37,441, resulting in a price per buildable square footage (PPBSF) of $486.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $18,200,000
  • Address: 167 N 1st Street, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Asking Price: $18,900,000
  • BSF: 37,441
  • PPBSF: $486

The seller of the property is Stanislaw Rys, while the buyer is Gemini Rosemont. The deal was facilitated by brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and Patrick Madigan.

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Deals
  • Location
    167 N 1st St, Brooklyn, NY 11211, USA167 N 1st St, Brooklyn, NY 11211, USA
  • Sale Price
    $18,200,000$18,200,000
    $48 PPSF$48 PPSF
  • Area
    374,410 SF374,410 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: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Patrick Madigan DATE: 03/06/2020 ADDRESS: 167 N 1st Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site ASKING PRICE: $18,900,000 SALE PRICE: $18,200,000 BSF: 37,441 PPBSF: $486 SELLER: Stanislaw Rys BUYER: Gemini Rosemont BROKERS: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Patrick […]

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