Silverstone’s Williamsburg apartment project trades for $29M

Jul.July 11, 2013 01:30 PM

Developers Silverstone Property Group and Adam America Real Estate Group have sold a mixed-use Williamsburg property to an undisclosed purchaser for $28.75 million, according to a release from the sellers.

The property, located at 65-69 North 6th Street, is composed of 28 luxury rental apartments and 4,000 square feet of ground-floor retail space, reworked from the previous owner’s plans for a 24-unit condominium development. The property also offers 14 off-street parking spots. It was fully leased within 30 days of the building’s opening.

Silverstone and Adam America are also in the process of developing a new 170-unit rental property on North 7th and North 8th streets in Williamsburg, as well as a 70-unit condo building in DUMBO, on Water Street. Adam America’s newest rental building, at 53 Broadway in North Williamsburg, is slated to open next month. –Julie Strickland

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