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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.”

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Avison Young's Davis-Bosch

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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