Williamsburg’s Dime Residences In Contract to Sell for $157.5M

Incorporating the 1908 landmarked Dime Savings Bank of Williamsburg building, the property that underwent a conversion into a 177-unit, 340,000-square-foot mixed-use development in 2020 has recently entered into contract to sell to Korea-based NH Investment & Securities. Located at 275 South 5th Street in the Brooklyn neighborhood of Williamsburg, the pending sale that is expected to close in 30 to 60 days—and doesn’t include the retail component, attracted a price of $157.5 million, or about $889,831 per unit, of which 30% have been designated for affordable housing.

Source:    https://commercialobserver.com/2022/05/nh-investment-securities-dime-tavros-charney-cw/