Cushman & Wakefield Sells Retail Development Site in Williamsburg
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.