Williamsburg, Brooklyn; Schuckman Realty is pleased to announce the sale of 47 Withers Street located between Union Avenue and Lorimer Street in Williamsburg, Brooklyn.
The 5,000 Square foot mixed-use building is comprised of six free market apartments and one ground floor retail unit. The building is within walking distance of all the northern Williamsburg attractions, and is serviced by the (L) train via the Bedford Avenue stations, and the (G) train via the Metropolitan Avenue Station.
“We are working with several investment groups who have been taking advantage of the historically low interest rates, who have shifted their investment strategy to focus on cash-flowing assets in well located Brooklyn neighborhoods,” Said Joseph Rosenfeld.
The property sold for $4,085,000, or $817/SF. Joseph Rosenfeld and Baruch Edelkopf of Schuckman Realty’s Investment Sales Team represented the seller in this transaction.
*For more information related to this sale, or to discuss the state of the Post-Covid investment sales market, and how it may affect the value of your property, please feel free to reach out to Joseph Rosenfeld and Baruch Edelkopf, or any member of our Investment Sales Team.
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey, and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.
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