Joel Schwartz Acquires Development Site In Williamsburg, Brooklyn For $5M

An development site located at 168-170 N. 10th Street in Williamsburg, Brooklyn, was recently sold for $5,000,000. The property spans approximately 10,225 square feet, with a price per buildable square foot (PPBSF) at $488. The transaction took place on 11/09/2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Address: 168-170 N. 10th Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Joel Schwartz
• Seller: Joanna Sidibe
• Broker: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford - JLL
• BSF: 10,225
• PPBSF: $488

The deal was facilitated by JLL, with Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford representing the buyer and seller. This transaction marks a significant investment in the development site located in Williamsburg, Brooklyn.