CW Realty, Joyland selling trio of Brooklyn buildings for $23M

Sharrati family picked up 119-123 Kent Avenue in Williamsburg

New York /
Apr.April 17, 2018 04:30 PM

Cheskie Weisz’s CW Realty Management, Joyland Group and Meral Property Group are selling a trio of contiguous mixed-use buildings in Williamsburg for $22.5 million to the Sharrati family, according to sources familiar with the deal.

The properties are located at 119-123 Kent Avenue and contain 17 apartments with three ground-floor retail units. The apartments were recently renovated to feature at least two bedrooms, along with washers and dryers.

The sellers also sold the property’s inclusionary air rights for $1.75 million to Adam America Real Estate Group for the company’s project at 120 Union Avenue.

Lipa Lieberman

Steven Dweck and Nat Rockett of Marcus and Millichap represented the buyer, while David Schechtman, Lipa Lieberman and Abie Kassin of Meridian Investment Sales represented the sellers.

The partners bought the Williamsburg properties in 2016 for $15.8 million.

Other recent Williamsburg deals include Horrigan Development’s sale of 347 Berry Street for $17.5 million and Largo Investment’s sale of 215 North 10th Street for $25 million.

In October, the Sharrati family sold the eight-unit rental building at 85 Chambers Street in Tribeca to United American Land for $15 million, according to property records.


Related Articles

arrow_forward_ios
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Watch TRD Brand Studio’s first-ever webinar on the new office normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
The reopening of NYC has created a surge of demand for apartments. (Getty)
Reopening sparks signs of a real estate rush
Reopening sparks signs of a real estate rush
The Real Deal's Hiten Samtani and Urban Green Council CEO John Mandyck
Watch: Urban Green Council’s John Mandyck on tackling climate change in NY
Watch: Urban Green Council’s John Mandyck on tackling climate change in NY
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
(iStock)
Job recovery sputters, but hospitality & leisure add hiring
Job recovery sputters, but hospitality & leisure add hiring
Cushman & Wakefield CEO Brett White (Cushman)
Cushman eyeing M&A opportunities post-pandemic
Cushman eyeing M&A opportunities post-pandemic
Andrew Yang (Getty, iStock)
Yang targets vacant lots with $900 million tax plan
Yang targets vacant lots with $900 million tax plan
arrow_forward_ios

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

Loading...