Corcoran’s Barak/Blackburn Group just closed on a $16.425 million sale of five commercial lofts at 118 N. 11th Street in Brooklyn.
The deal brings the team’s tally to $88 million worth of real estate sales brokered at a single intersection in Williamsburg over the last five years, including six loft buildings, a vacant lot and all 45 condo units at 55 Berry.
During that time, the intersection at Berry and North 11th Streets has transformed from an area of empty commercial buildings into a residential and retail hub.
On Monday Lior Barak and Christine Blackburn turned over the keys for five adjoining commercial loft buildings at 118 N. 11th Street to a local developer who plans to convert the buildings to residential and commercial lofts.
The buildings, totaling 135,000 s/f, were listed by Neil Dolgin at Kalmon Dolgin Affiliates.
“Our developers are constantly searching for the next project,” said Blackburn, a senior vice president at Corcoran.
“We live in the neighborhood, and it was our knowledge of the area that gave us an edge,” said Blackburn.