Magnum, SL Green’s Williamsburg Townhomes 75 percent sold

Project at 131 North Third St. features dozen 1,892-square-feet townhouses

New York /
Feb.February 25, 2014 03:18 PM

Williamsburg Townhomes, a joint venture between Ben Shaoul’s Magnum Real Estate Group and SL Green Realty, has hit the 75 percent sold mark, a spokesperson for the project told The Real Deal exclusively. The townhouse development, located at 131 North Third Street off Bedford Avenue, has a dozen four-story residences with 1,892 square feet of interior space and 957 square feet of private outdoor space.

“We developed the Williamsburg Townhomes to fulfill a need in the market for spacious, single-family homes that include the amenities of a full-service condominium,” Magnum’s president Ben Shaoul said in a statement. “We are pleased that this unique opportunity has been so well received by buyers.”

The project was designed by architecture firm RKT&B and is being marketed by MNS. Prices for the townhomes start at $2.38 million. “The cost factor and amount of indoor and outdoor space was a major selling point for our buyers,” MNS CEO Andrew Barrocas said.

Quadriad Realty Partners began construction on Williamsburg Townhomes in 2007. The project was hit hard by the 2008 real estate crisis, and was sold to Thor Capital Group, which then sold it to Triton Realty Holdings, which completed construction. In March, the Magnum-SL Green joint venture bought the property for about $51.5 million

Magnum and SL Green also own Williamsburg Social, a rental building adjacent to Williamsburg Townhomes, and the two projects share over 7,500 square feet of amenity space. Williamsburg Social, which was marketed by aptsandlofts, was fully leased in December.


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
HNA Group's Guoqing Chen (left), SL Green CEO Marc Holliday (right), and 245 Park Avenue (SL Green, World Travel & Tourism Council - via Wikimedia Commons, LoopNet)
HNA must pay SL Green fat sum over 245 Park Avenue
HNA must pay SL Green fat sum over 245 Park Avenue
Ben Shaoul and 1457 North Main Street (Getty, LoopNet)
Ben Shaoul plans 376-unit complex near L.A.’s Chinatown
Ben Shaoul plans 376-unit complex near L.A.’s Chinatown
1552-1560 Broadway and Wharton Properties’ Jeff Sutton (Google Maps)
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
SL Green’s Marc Holliday with One Vanderbilt tower (SL Green Realty Corporation)
One Vanderbilt lease at $300+ psf may be city’s highest office rent ever
One Vanderbilt lease at $300+ psf may be city’s highest office rent ever
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...