Graham Living LLC paid $5M to Leopold Weinstock for East Williamsburg property

Graham Living LLC paid Leopold Weinstock’s Graham Manor LLC $5.4 million for 1 parcel, including the tax class primarily four family with store or office (S4) and containing 8 residential units at 142 Graham Avenue in East Williamsburg. The deal closed on September 3, 2019 and was recorded on September 16, 2019. The parcel(s) have total development potential of 8,909 square feet.
The average sale price per square foot is $601.
The estimated cap rate is 1.8%
The last time the property sold was April 30, 2014, for $1,860,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 9 residential (or hotel) units on June 2, 2016.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link