Michael Wahba Acquires Industrial Property In Brooklyn's Sunset Park For $4.1M

A industrial property located at 245 48th Street in Brooklyn was recently sold for a price of $4,100,000. The property has a total area of 7,700 square feet and a price per square foot of $533. This transaction sets a historical price record for industrial sales north of 2,500 square feet in the Sunset Park neighborhood.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,100,000
• Address: 245 48th Street, Brooklyn
• Market: Brooklyn

The buyer in this transaction was Michael Wahba, while Meyer Bodner acted as the seller. The deal was facilitated by the brokers Jakub Nowak and Jake Torre from The Nowak Group, who are associated with Marcus & Millichap.

For more information or to discuss NYC industrial and commercial property sales, you can reach out to the experts at The Nowak Group. Jakub Nowak can be contacted at 718-475-4353, and Jake Torre at 718-475-4325.