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Parcel Assemblage Sale Sets East Williamsburg Record for Pricing
Avison Young arranged the $13.5 million sale of a four-lot development assemblage at 873–879 Grand St. in Brooklyn’s East Williamsburg neighborhood. The firm said the sale achieved neighborhood-record pricing of $450 per buildable square foot.
Miles Davis-Bosch, Patrick Madigan, Fritz Richter and Joe Moran of Avison Young represented the seller, JJL Development, in the disposition. The buyer was The Schwimmer Family of Rodgers Development.
“This assemblage achieved record pricing, reflecting both the scarcity of developable sites with over 50’ of frontage and the strength of investor conviction in the area,” said Davis-Bosch. “Premium rents and condo pricing once confined to Northside Williamsburg and Greenpoint are now radiating outward, fueled by demand that continues to outpace new supply.”
Madigan added, “2025 was a standout year for ground-up development sites across Brooklyn, with sales volume surging an astounding 355%. In addition to volume growth, values on a PPZFA basis have climbed dramatically.”
- ◦Sale/Acquisition

