The Reel

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A blog for breaking sales and neighborhood real estate news.

A development site at 192 Bedford Avenue, located between North 6th and North 7th Streets in Brooklyn’s Williamsburg neighborhood, was sold in an all-cash transaction valued at $12,250,000.  

This retail driven site measures approximately 20’ x 100’ and offers the opportunity to build approximately 4,000 square feet less than one block from the Bedford Avenue L train station.  It is currently improved by a two-story mixed-use building.  The sale price equates to approximately $3,062 per buildable square foot.

“The price and the incredibly quick sale of this well situated asset further demonstrates that Williamsburg is a major market in New York City, not an emerging part of the boroughs anymore,” said Cushman & Wakefield’s Brendan Maddigan, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Williamsburg/ Agents: Brendan Maddigan