Investment Property Realty Group Sells Development Site On Wythe Ave., Williamsburg For $9M

303-311 Wythe Ave., located in Williamsburg, has been sold in a transaction worth $9,000,000. The development site spans over 16,500 square feet, resulting in a price per buildable square foot of $545. The sale of this property was facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, and Corey Haynes from Investment Property Realty Group (IPRG).

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,000,000
• Address: 303-311 Wythe Ave.
• Market: Williamsburg
• Buildable Square Feet: 16,500
• Price per Buildable Square Foot: $545

The sellers of the property were Phillip Su and Raymond So. They entrusted Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, and Corey Haynes from Investment Property Realty Group (IPRG) to represent them in this deal. This successful transaction further underscores the expertise and credibility of these brokers.