Lightstone Group paid $15M to Rabsky Group

Lightstone Group through the entity Bedford Avenue Associates LLC paid Rabsky Group’s Bedford Lot Realty LLC $15.0 million for 1 parcel, including the tax class unlicensed parking lot (G7) at 361 Bedford Avenue in Williamsburg. The deal closed on July 17, 2019 and was recorded on July 30, 2019. The parcel(s) have total development potential of 49,680 square feet.
The average sale price per square foot is $604.

The last time the property sold was July 08, 2014, for $1,600,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $50,000.There has been one new building permit application totaling 71,644 square feet. Those plans include a total of 104 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link