NEW YORK CITY—Two development sites in Williamsburg have beensold in all-cash transactions with an aggregate value of more than$39 million. Located at 184-186 and 204-206 Bedford Ave., thetransactions were done record setting levels.
Between North Sixth and North Seventh streets, 184-186 BedfordAve. is an approximately 6,400 buildable square foot developmentsite that offers 40 feet of frontage. The property was sold forover $21 million, equating to approximately$3,230-per-buildable-square-foot.
Meanwhile, 204-206 Bedford Ave., located between North Fifth andNorth Sixth Streets, is an approximately 7,500 buildable squarefoot development site with 50 feet of frontage. The site was soldin an all-cash transaction valued at $19 million, equating toapproximately $2,533-per-buildable-square-foot.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
