Largo buys industrial building in Williamsburg for $25M

Company planning condos for property at 215 North 10th Street

Mar.March 19, 2018 06:10 PM

215 North 10th Street and Michael Zampetti

Nissim Ben-Nun and Nicholas Werner’s Largo Investments has purchased a one-story industrial building in north Williamsburg for $25 million, according to property records.

The property is located at 215 North 10th Street, and Largo plans to build condominiums at the site. It spans 9,000 square feet, and Abraham Weiss’ Northstar Equities LLC sold it, according to property records. The site features about 50,000 buildable square feet.

A team of Cushman & Wakefield agents brokered the deal and had listed the site for $24 million.

Representatives from Largo did not respond to requests for comment.

Although Largo frequently partners with JDS Development Group on projects, a JDS representative said they were not involved with this deal.

A fully-leased three-story building at 151 Kent Avenue recently hit the market in Williamsburg for $52 million, while a pair of sites by the neighborhood’s waterfront offering a total of 436,000 buildable square feet have hit the market as well. Cornell Realty Management filed plans in February for a 26-story mixed-use project at 159 Broadway, the former planned site for the Williamsburghotel.

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