Midwood Investment pays $42M for Williamsburg retail condo

Midwood Investment and Development picked up the 20,000-square-foot retail portion of Williamsburg’s Mill Building for nearly $42 million in an off-market deal — triple what it last sold for in 2014. The Midtown East-based firm paid $41.8 million to buy the retail condominium unit at the six-story, 164,000-square-foot property at 85 North 3rd Street, according to property records filed with the city Wednesday. The space covers 20,000 square feet on the ground floor and another 8,000 … [more]

Source: Real Estate

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