Abraham Lipschitz, through 221 Wythe LLC, paid $12.5 million to Sandy Stillman for the Wythe Diner site at 221 Wythe Avenue in Williamsburg, Brooklyn. The property is planned for ground-up development of a 28-unit residential building. Lipschitz secured a $20.8 million loan from BridgeCity Capital for purchase and construction. The site was home to the Wythe Diner and several restaurants and pop-ups over decades.
Abraham Lipschitz
