159 Boerum Street
Williamsburg, Brooklyn
Parcel ID (BBL): 3030710040
Owner: Slate Property Group
Acquired: October 17, 2022, $1.3 million
Debt: November 14, 2025, $64 million
Built: 2023
SF: 105,437
Dwelling units: 162
No. of buildings: 1
Class: Fireproof (Standard Construction Without Stores) (D3)
Floors: 19
Legacy BBLs: 3030710010
Transactions:
• Slate Property Group and Avenue Realty Capital borrowed $64 million from Starwood Property Trust for 159 Boerum Street, Williamsburg, Brooklyn on November 14, 2025.
• Slate Property Group borrowed $55.5 million from White Oak Financial for 159 Boerum Street, Williamsburg, Brooklyn on January 09, 2023.
• Slate Property Group sold 159 Boerum St, Williamsburg, Brooklyn for $1.3 million to Avenue Realty Capital on October 17, 2022.
• Be-Aviv sold 159 Boerum St, Williamsburg, Brooklyn for $6.5 million to Avenue Realty Capital on October 17, 2022.
Development:
• David Schwartz filed plans for alteration in Williamsburg, Brooklyn, on September 10, 2024.
• David Schwartz filed plans for alteration in Williamsburg, Brooklyn, on April 29, 2024.
• David Schwartz filed plans for alteration in Williamsburg, Brooklyn, on March 22, 2024.
• Ute Martinez Morris filed plans for A3 in Williamsburg, Brooklyn, on August 16, 2023.
• Eddie Gazheli filed plans for alteration in Williamsburg, Brooklyn, on June 30, 2023.
Violations:
According to city public data, the properties have received $80 in OATH penalties in the last year.