TerraCRG Acquires Development Site In Williamsburg For $42.5M

The development site located at 575 Grand St. in Williamsburg was recently sold for a total of $42,500,000. The transaction took place on 03/22/2022, and the sale was facilitated by brokers Daniel Lebor and Dan Marks from TerraCRG. The asset features a building square footage (BSF) of 110,000, resulting in a price per building square footage (PPBSF) of $386.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $42,500,000
• Address: 575 Grand St.
• Market: Williamsburg

The deal was successfully concluded with the assistance of Daniel Lebor and Dan Marks from TerraCRG serving as brokers. They played a key role in representing the parties involved in the transaction and ensuring its smooth execution.