Armel Family Sells Industrial Building At 193-199 Varet Street For $3.255M In Williamsburg

This industrial property, located at 193-199 Varet Street in Williamsburg, was sold for $3,255,000. The asset encompasses a total of 11,283 square feet, which includes a building of 3,783 square feet and a vacant lot of 7,500 square feet. The price per square foot for the transaction was $288.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,255,000
• Square Footage: 11,283 SF
• Price per Square Foot: $288
• Address: 193-199 Varet Street
• Market: Williamsburg
• Seller: Armel Family
• Brooks: Sean R. Kelly & Benjamin Vago - Ariel Property Advisors

Sean R. Kelly and Benjamin Vago of Ariel Property Advisors represented the seller, Armel Family, in this transaction. This sale marks the second asset on the block that Ariel Property Advisors has sold recently, with another asset currently in contract.