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Pfizer-owned South Williamsburg development site trades for $12.75M

Pharmaceutical giant Pfizer has sold off the last of its big holdings in Williamsburg — a vacant development site on Wallabout Street — for $12.75 million, according to public records filed yesterday with the city. The land, which comprises two sites on four acres on Wallabout Street at Harrison Avenue, traded to an LLC named Harrison Realty and will likely be developed to include both residential and commercial uses.