Jeff Sutton’s Wharton Properties has acquired 166 Berry Street in Williamsburg from Abraham Kendi for $20 million. The corner site allows for the development of 16,740 buildable square feet (as-of-right).
- Dig Deeper: The 6,200 SF lot at the corner of North 4th Street has an FAR of 2.0 for Commercial and 2.7 for Residential. Expect a nice retail development!
- Worth Noting: RedSky Capital paid Thor Equities $32.25 million for a nearby development site at 124-136 North 6th Street last year. The property can accommodate a 34,500 SF retail building.