SOLD
Marek Kazcor Acquires Williamsburg Development Site On N. 6th Street For $2.55M
216 North 6th Street
Development Site
5,000 SF
5,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
5,000 sqft
A development site in Williamsburg, Brooklyn has been sold for $2,550,000. The property, located at 216 N. 6th Street, is a 25 ft x 100 ft lot with R6B zoning. The sale of this development site was facilitated by Nathan Horne of Compass Commercial, representing the seller Dan Wacks. The buyer of the property is Marek Kazcor. The transaction took place on October 1, 2021.
Summary of transaction details
- Property Type: Development Site 🏗
- Transaction Amount: $2,550,000
- Address: 216 N. 6th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Zoning: R6B
- Lot Size: 25 ft x 100 ft
The sale price of $2,550,000 translates to a price per buildable square foot (PPBSF) of $510 given a total buildable square footage (BSF) of 5,000. The previous sale of the property occurred in November 2011, with a sale price of $985,000.
Nathan Horne of Compass Commercial worked with Karim Ahmed of Reform.Arch to navigate the complexities of the transaction, particularly concerning the retention of the curb cut and garage. The property garnered significant interest from various developers and end-users over several months. Ultimately, the sale was successfully closed, demonstrating the potential of the development site.
For more information or any additional inquiries, please contact Nathan Horne at [email protected]. The Horne Team has several upcoming development sites and value-add opportunities in Williamsburg.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Nathan Horne & Karim Ahmed
DATE: 10/01/2021
ADDRESS: 216 N. 6th Street
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Development Site 🏗
ZONING: R6B ~ LOT SIZE: 25 ft x 100 ft
BUYER: Marek Kazcor
SELLER: Dan Wacks
SELLER’S REP: Nathan Horne (@Horne.Team) - Compass (@Compass)
ARCHITECT: @Reform.Arch
SALE PRICE: $2,550,000
BSF: 5,000 ~ PPBSF: $510
LAST SALE PRICE: $985,000 (11/2011)
NOTE FROM @Horne.Team: @Horne.Team of Compass Commercial is pleased to report the closing of a 25'X100' development site in Williamsburg for over $500/BSF! This one had a lot of back & forth with numerous developers submitting offers over many months as well as end-users interested in keeping the curb cut. Due to uncertainty regarding keeping the curb cut/garage (under 40' wide in R6B so it would have to be grandfathered in), Nathan worked with Karim Ahmed of @reform.arch, who constructed a Decision Tree of sorts to show what uses would allow the curb cut/garage to remain.
Feel free to reach out to [email protected] for additional questions. The Horne Team has 3-4 upcoming dev sites in Williamsburg, as well as end-user/value-add opportunities.View on map
Loading...
Address216 North 6th Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want