Largo buys industrial building in Williamsburg for $25M

Company planning condos for property at 215 North 10th Street

TRD NEW YORK /
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.


Related Articles

arrow_forward_ios
46 Cook Street in Brooklyn (Credit: Google Maps)

Williamsburg biz takes 53% more space to meet demand

1226-1240 Sherman Avenue and 21-23 Catherine Street (Credit: Google Maps)

Pair of Bronx multifamily buildings leads New York’s mid-market investment deals

TRD Talks Live

Watch tonight: Turning to tech on TRD Talks Live

(Credit: iStock)

Strong quarter for Manhattan home sales belies current struggle

Manhattan resi listings continue nosedive: report

Manhattan resi listings continue nosedive: report

252 East 57th Street and 196 Orchard Street with Samantha Sheeber and Tal Alexander

Closing in the time of Covid-19: “We’re pulling out all the stops”

Prince Realty Advisors founder David E. Ash and 123 Hope Street (Credit: Google Maps)

HUBBNYC buys Williamsburg mixed-use building for $84M

Kuwait’s consul general in New York, Hamad Al-Hazeem and 50 United Nations Plaza (Credit: Google Maps)

Kuwait’s consul general buys 50 UN Plaza pad for $16M

arrow_forward_ios
Loading...