Jason Wang Acquires Industrial Property In Williamsburg, Brooklyn For $4.4M

Located at 209 North 8 Street in Williamsburg, Brooklyn, this industrial property was sold in a closed transaction on December 1, 2021. The property is zoned as M1-2/R6A, MX-8, allowing for various industrial uses. With a lot size of 2,500 square feet and dimensions of 25 ft x 100 ft, the property offers ample space for industrial operations.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $4,400,000
• Building Square Footage: 7,500
• Price per Building Square Foot: $587
• Land Square Footage: 3,250
• Price per Land Square Foot: $1,354
• Floor Area Ratio (FAR): 1.30
• Tax Class: 4

The buyer of the property is Jason Wang, while the seller is Torkil Gudnason. The transaction represents a significant increase in value since the last sale, which took place on August 4, 2005, for $850,000.