Rockpoint has acquired 56 North 9th Street, a luxury residential property located in the Williamsburg submarket of Brooklyn, N.Y.
Rockpoint acquired the property in partnership with Lincoln Property Co. and Land Labor Capital. Financial terms of the transaction were not disclosed.
Developed in 2019, the multifamily property comprises 45 apartments and also features approximately 30,000 square feet of fully leased retail. The property is situated in the revitalized neighborhood of Williamsburg, which has emerged as a living and social destination for young professionals. The area is near Manhattan and easily accessible via public transportation, while also featuring resident amenities like parks and recreation space, grocery stores, and restaurants. The neighborhood is also a prime destination for shopping, dining and nightlife, making it an attractive option for a variety of lifestyles.
“We are pleased to add 56 North 9th Street to our residential portfolio,â€
