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.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
