Joyland Group Acquires Industrial Building In Williamsburg For $5.5M

Joyland Group's North Williamsburg Corner Kent LLC has acquired an industrial building located at 15-19 Wythe Avenue in Williamsburg, Brooklyn. The property was sold by Gary Zimberg for a transaction amount of $5,500,000. This industrial asset spans a total of 5,000 square feet and includes an additional 4,999 square feet of air rights. The building is situated in the vibrant market of Williamsburg, Brooklyn.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Address: 15-19 Wythe Avenue, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

The buyer in this deal was Joyland Group, represented by Joel Wertzberger. On the other side, Gary Zimberg acted as the seller. The purchase price per square foot was $1,100, and the building's size was measured at 5,000 square feet. The buyer also acquired an additional 4,999 square feet of air rights.