Marcus & Millichap closed the sale of two historic buildings in Brooklyn’s Williamsburg neighborhood. The assets sold for $13,800,000.
Michael Salvatico, Shaun Riney and Samuel Leppo, investment specialists in Marcus & Millichap’s Manhattan office, marketed the property on behalf of the seller and procured the buyer, both private investors.
“This sale is an example of the tremendous demand of vacant, free market redevelopment properties in North Brooklyn,” said Salvatico. “Moreover, we garnered over 14 offers in writing on the property.”
Situated at 101-109 S. 6th St., the properties are located three blocks from the Williamsburg waterfront. The 19th-century Romanesque Revival-style building at 101-107 S. 6th St. is slated for residential conversion, resulting in 29 apartments and 5,444 square feet of commercial space. The 19th-century storefront apartment building at 109 S. 6th St. will undergo interior renovations on its second and third floors.
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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).