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Arik Bar Chaim Acquires Development Site In Williamsburg, Brooklyn For $1.825M

223 Frost Street
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This Development Site property located in NY was sold for $1,825,000 over 1 year ago. The brokers of the deal were Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura

A development site located at 223 Frost St. in Williamsburg, Brooklyn has been sold in a recent transaction. The property, with a total square footage of 5,000 and a price per square foot of $365, was sold for a total price of $1,825,000. The sale was facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura of Investment Property Realty Group (IPRG).

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,825,000
  • Address: 223 Frost St., Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn

Arik Bar Chaim purchased the development site from the Piecoro Family. The deal was coordinated by the team at Investment Property Realty Group (IPRG), with Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura acting as the brokers representing the buyer and seller.

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Deals
  • Location
    223 Frost Street223 Frost Street
  • Sale Price
    $1,825,000$1,825,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Thomas Ventura

Thomas Ventura

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Sold$51.4M

Agency

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

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Deal Summary

SPEED POST SALE IMAGE: Derek Bestreich, Luke Sproviero & Donal Flaherty DATE: 07/22/2022 ADDRESS: 223 Frost St. MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site BUYER: Arik Bar Chaim SELLER: Piecoro Family BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Donal Flaherty (@DonalFlaherty1), Corey Haynes (@Corey_Haynes) & Thomas Ventura (@Tom_Ventura29) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,825,000 BSF: 5,000 ~ PPBSF: $365

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223 Frost Street

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