TwoTreesNY Acquires River Street Assemblage In Williamsburg, Brooklyn For $150M

The River Street Assemblage, located in Williamsburg, Brooklyn, was recently sold for a staggering price of $150,000,000. This development site spans a total of 285,020 square feet, with a price per buildable square foot (PPBSF) of $526.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $150,000,000
• Address: River Street Assemblage, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• BSF: 285,020
• PPBSF: $526

In this deal, the seller of the River Street Assemblage was ConEdison, while the buyer was Jed Walentas from Two Trees Management. The transaction was facilitated by a team of brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford.

It is worth noting that the team involved in the transaction worked diligently to ensure its success, highlighting their expertise and commitment to fulfilling the needs of their clients.