Bushwack Capital Acquires Industrial Property In Williamsburg For $14M

The industrial property located at 154 Scott Avenue in Williamsburg has been sold in a transaction that took place on May 3, 2021. The property, spanning a total of 99,700 square feet, was sold for a price of $14,000,000, resulting in a price per square foot of $140. The previous sale of the property occurred in May 2018 for a price of $10,000,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 154 Scott Avenue
• Market: Williamsburg
• Square Footage: 99,700
• Price per Square Foot: $140
• Last Sale: $10,000,000 (5/2018)

The buyer of the property is Bushwack Capital, represented by Dawson Stellberger. The seller is Lai Tin Yam. The transaction involved a loan from Citi Group in the amount of $22,000,000.