Jeff Sutton’s son, Joseph Sutton, sells Williamsburg multifamily property for $5.9M to large Japanese development firm

UPDATED, 9:13 a.m., Jan. 23, 2020: Japan-based Marimo Co., Ltd. paid Jeff Sutton’s son, Joseph Sutton’s 69 Havemeyer LLC $5.9 million for 69 Havemeyer Street in Williamsburg. The deal closed on January 14, 2020, and was recorded on January 22, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units. The property is 6,468 square feet. The parcel(s) have total development potential of 7,500 square feet.
The sale was brokered by Michael Sherman of the Manhattes Group.

Marimo is a large Japanese real estate developer of condominiums and other types of assets and is active in Japan, China and Malaysia, according to its website. The last time the property sold was July 7, 2016, when Sutton bought it for $2,715,000. Jeff Sutton’s son Joseph was the managing member for the selling entity, 69 Havemeyer LLC.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $270,075.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Correction: The building square feet was changed from the incorrect figure of 5,500 square feet to 6,468 square feet. Broker was added.