August 23, 2016

Williamsburg Apartment Building Sells for $39.5M

News Property News

Real Estate Weekly

Acuity Capital Partners has just sold 315 Seigel Street in East Williamsburg, Brooklyn for $39.5 million. The property, a three-story, 51-unit residential rental building, was once owned by Max Stark, a Brooklyn landlord who was murdered in early 2014.

The brokers for the transaction were Ofer Cohen and Dan Marks of TerraCRG. The property was sold for $742 per s/f. The buyer was Sugar Hill Capital Partners.

Read more here.