NEW YORK CITY-Werber Management has paid $37.75 million for 202 8th St. in the Gowanus section of Brooklyn.
The Queens-based construction and management company acquired the 12-story, 50,000-square-foot luxury rental building from JDS Development and Property Markets Group, according to The Real Deal. Massey Knakal Realty Services' Bob Knakal and Elysa Berlin brokered the transaction.
The 51-unit property, when originally built, was envisioned as a condominium development, but was completed as a rental project. The property is now nearly fully leased.
Benjamin Werber, a managing member of Werber Management, said the property, due to its high-end amenities, offers Brooklyn “rental tenants an opportunity to live in a very high-end condo product.” See story in The Real Deal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
