US·Acquisition·Mixed Use
Empire State Realty Trust Buys Williamsburg Commercial Condo for $46M
Value
$46M
Location
Brooklyn, Kings County, New York
Date
2026-04-04
Companies
Empire State Realty Trust, Joyland Group, Prospect Developers, JLL
Empire State Realty Trust acquired a 21,400-plus-square-foot commercial condominium unit at 127 Kent Avenue in Williamsburg, Brooklyn, from Joyland Group and Prospect Developers for approximately $46 million, equating to roughly $2,100 per square foot. The unit is part of The Sixth, a mixed-use development in Williamsburg. JLL's Ethan Stanton and Michael Mazzara brokered the transaction.
williamsburgbrooklyncommercial-condomixed-usejll
Source
The Real Deal