Erik Ekstein’s E+T Development Group pays $17M to Jeremy Markowitz’s Heritage Real Estate Partners for vacant property in Bushwick

Erik Ekstein’s E+T Development Group through the entity 1333 Broadway LLC paid Jeremy Markowitz’s Heritage Real Estate Partners’s 1325 Broadway Holdings LLC $16.7 million for 1325 Broadway in Bushwick. The deal closed on December 6, 2019, and was recorded on December 9, 2019. The transaction consists of 1 parcel, including the tax class zoned primarily residential, except not Manhattan below 110th Street (V3).

The sale was brokered by Rosewood Realty Group’s Ryan Lai, Mike Kerwin and Aaron Jungreis, according to Traded New York. The last time the property sold was June 8, 2017, for $8,750,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 40,490 square feet.
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