A conversion opportunity at 136 North 8th Street, located between Berry Street and Bedford Avenue in Brooklyn’s Williamsburg neighborhood, was sold in an all-cash transaction valued at $3,525,000.
The property currently consists of a four-story, approximately 4,000 square foot building on a 20’ x 50’ lot. Overlooking neighboring backyards, this semi-detached building is provided with tremendous amounts of natural light allowing for unique and varied layouts. The sale price equates to approximately $881 per square foot.
The property is in close proximity to Williamsburg’s premier commercial strips and is just steps from the L train at the Bedford Avenue station, offering easy access to Manhattan. Delivered vacant, this site offers a prime opportunity for buyers looking to create unique layouts.
“We were pleased to see many developers, in spite of the uncertainty in the market, who are still bullish on condo sellouts in great locations of Williamsburg. 136 North 8th Street highlights that fact clearly,” said Cushman & Wakefield’s Brendan Maddigan, who exclusively handled this transaction.
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Neighborhoods: Williamsburg/ Agents: Brendan Maddigan