Urban Standard Development pays $8.1M for three buildings in Sunset Park
Seth Weissman’s Urban Standard Development paid Mariusz Witek $8.1 million for three properties in Sunset Park in three separate transactions.
In the first, Urban Standard Development through the entity USC 722 5th LLC paid Mariusz Witek’s 722 5th Avenue LLC $2.7 million for 722 5th Avenue in Sunset Park. The deal closed on March 19, 2020, and was recorded on March 27, 2020. The transaction consists of 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units. The property is 6,400 square feet. The parcel(s) have total development potential of 6,400 square feet.
The average sale price per square foot is $417.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the second, Urban Standard Development through the entity USC 720 5th LLC paid Mariusz Witek’s 720 5th Avenue LLC $2.7 million for 720 5th Avenue in Sunset Park. The deal closed on March 19, 2020, and was recorded on March 27, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 7 residential units. The property is 5,500 square feet. The parcel(s) have total development potential of 5,631 square feet.
The average sale price per square foot is $474.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the third, Urban Standard Development through the entity USC 719 5th LLC paid Mariusz Witek’s 719 5th Avenue LLC $2.7 million for 719 5th Avenue in Sunset Park. The deal closed on March 19, 2020, and was recorded on March 27, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units. The property is 5,100 square feet. The parcel(s) have total development potential of 7,500 square feet.
The average sale price per square foot is $356.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link