Developer David Duke Dweck has purchased a trio of buildings from Boricua College in Williamsburg for $31.1 million and plans to develop a mixed-use project with rental apartments on the site.
The site is located at 186 North 6th Street and consists of two adjoining lots with three brick buildings: a gymnasium, a four-story multifamily property and a main school building, all of which we be delivered vacant to Dweck, according to Cushman & Wakefield, which brokered the deal. The properties span roughly 68,700 square feet overall.
G4 Capital Partners provided $30 million in financing for the deal.
A Cushman team of Guthrie Garvin, Alexander Ball, Ethan Stanton, Michael Gembecki and Brendan Maddigan represented Boricua College in the deal.
Dweck and Boricua did not respond to requests for comment.
Dweck previously teamed up with developers Steven Ancona and Michael Marino for a building with 13 luxury condos at 62 and 66 North 3rd Street in Williamsburg with a total target sellout of about $30 million.