Madison Realty Capital Acquires Development Site In Williamsburg, Brooklyn For $32M

The development site located at 159 Broadway in Williamsburg, Brooklyn has been sold in a closed transaction. The buyer, Madison Realty Capital, acquired the property from the seller, Isaac Hager. The sale price for this transaction amounted to $32,000,000. The development site spans a total of 9,250 square feet, resulting in a price per square foot of $3,459.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $32,000,000
• Address: 159 Broadway, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Madison Realty Capital
• Seller: Isaac Hager
• Brokers: Greg Corbin, Aaron Jungreis & Chaya Milworn - Rosewood Realty Group
• Square Footage: 9,250
• Price per Square Foot: $3,459

The transaction involved a team of brokers representing the parties involved in the deal. Greg Corbin, Aaron Jungreis, and Chaya Milworn from Rosewood Realty Group served as the brokers in this transaction. They played a pivotal role in facilitating the successful sale of the development site.