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Dmitros Angelos Purchases Industrial Building At 289 Scholes Street In Williamsburg For $7.3M

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Dmitros Angelos Purchases Industrial Building At 289 Scholes Street In Williamsburg For $7.3M

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Summary

Transaction Type:Sale

The property involved in this transaction is an industrial building located at 289 Scholes Street, Williamsburg, Brooklyn. The sale price was $7,300,000, encompassing a total space of 16,500 square feet, which translates to a price per square foot of $442.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,300,000
  • Address: 289 Scholes Street
  • Market: Williamsburg, Brooklyn
  • Square Footage: 16,500
  • Price Per Square Foot: $442
  • Buyer's Representative: Nathan Horne - Compass
  • Seller's Representatives: Eitan Hakami & Ryan Maltz - Greiner-Maltz Real Estate

The transaction was facilitated by Nathan Horne of Compass, who represented the buyer, Dmitros Angelos. Eitan Hakami and Ryan Maltz of Greiner-Maltz Real Estate represented the seller, managing the complexities of the deal effectively. The buyer's representative noted the significant value-add potential of the property.

Players

Nathan Horne
27 deals$211.7M volume(706) 255-5657
BROKER

Eitan Hakami
Greiner-Maltz Real Estate
9 deals$19.6M volume(917) 716-7751
BROKER

Details

SOLD
IMAGE: Nathan Horne, Eitan Hakami & Ryan Maltz DATE: 05/02/2023 ADDRESS: 289 Scholes MARKET: Williamsburg, Brooklyn ASSET TYPE: Industrial BUYER: Dmitros Angelos BUYER'S REP: Nathan Horne (@Horne.Team) - Compass (@Compass) (@CompassNY) SELLER'S REP: Eitan Hakami (@EitanHakami) & Ryan Maltz - Greiner-Maltz Real Estate (@GreinerMaltz) SALE PRICE: $7,300,000 SF: 16,500 ~ PPSF: $442 NOTE FROM BUYER'S REP: We are pleased to report the closing of 289 Scholes Street, a 16,500 SF industrial building in E. Williamsburg with significant value-add potential. Eitan Hakami and Ryan Maltz of @greinermaltz represented the seller and managed to facilitate a complex transaction with many potential pitfalls, along with Nathan Horne of @compass continuing his representation of end-user commercial purchasers. Feel free to reach out for similar upcoming opportunities to Eitan at 917-716-7751/[email protected] or Nathan at 706-255-5657/[email protected].

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