The Real Deal New York

East Williamsburg buildings aim high with $42M ask

October 15, 2013 01:35PM


484 Humboldt Street, 64-68 Maspeth Avenue and 65 Maspeth Avenue (Credit: PropertyShark)

A string of East Williamsburg buildings hit the market for $42 million, or just under three times the total sale price from a few years ago.

The properties — located at 484 Humboldt Avenue, 64-68 Maspeth Avenue and 65 Maspeth Avenue — are either relatively new or newly renovated. They collectively total 72,333 square feet, including four retail spaces and 66 apartments.

The buildings last sold for a total of $16.57 million over the course of 2010 and 2011.

The same limited liability company owns at least two of the buildings, Brownstoner reported, though it was unclear who owned the remaining two. Massey Knakal Realty Services is handling the marketing. [Brownstoner]Mark Maurer

3 Responses to “East Williamsburg buildings aim high with $42M ask”

  1. October 15, 2013 at 1:43 pm, nyrealestatemogul said:

    wouldn’t pay more than 400k a unit. you can buy better numbers in brooklyn, as well as more upside on the rent roll

  2. October 15, 2013 at 3:14 pm, sam diner said:

    As usual, i had this deal two weeks before you’re reading about it…and i can get it for probably 4mm less then what you’re reading it’s selling for…:)

    If you develop yourself, and are not a broker, you can be in touch with me regarding whatever else i have, including the above.
    You’ll need to include exactly who you are, and your bio. My email:

    Zalmen, from the Brooklyn hood where many of the deals originate from….:)

  3. January 14, 2014 at 11:53 am, joel said:

    I have a deal in east Williamsburg now for only 300k a unit

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