Chesky Landau Acquires Mixed-Use Property In East Williamsburg For $4.5M

The mixed-use property located at 95-101 Varet Street in East Williamsburg has been sold for a price of $4,500,000. The transaction took place on May 26, 2021. The property spans an area of 12,936 square feet and has 10 units, resulting in a price per unit (PPU) of $450,000. The price per square foot (PPSF) for the property is $348. The buyer of the property is Chesky Landau, while the seller is Danny DiMartino. The deal was facilitated by brokers Shaun Riney and Michael Salvatico from NewYorkMultifamily and MarcusMillichap_NY.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,500,000
• Address: 95-101 Varet Street
• Market: East Williamsburg
• Units: 10
• Price per Unit (PPU): $450,000
• Total Square Footage: 12,936
• Price per Square Foot (PPSF): $348

Shaun Riney and Michael Salvatico, representing NewYorkMultifamily and MarcusMillichap_NY respectively, played a crucial role in the sale of this property. Their expertise and negotiation skills contributed to the successful completion of the transaction.