Invictus Property Advisors is pleased to announce the off-market sale of 16 Scholes Street — a vacant, 25-foot-wide development site located in the heart of Williamsburg, Brooklyn.
The property sold for $1,850,000, equating to $336 per ZFA as-of-right or $189 per ZFA with the Unniversal Affordability Preference (UAP).
While we received multiple offers at this price point, the seller was highly selective in choosing a buyer. After a thorough vetting process, the purchaser was selected based on their proven track record, strong reputation, and ability to offer the greatest certainty of execution.
Our team oversaw the transaction from start to finish — including negotiating access agreements — to ensure a seamless and timely closing.
Congratulations to all parties involved. We’re proud to continue delivering development opportunities across New York City.
