SEAGIS Property Group Acquires Industrial Property In East Williamsburg For $6.45M

Located at 250 Johnson Avenue in East Williamsburg, this industrial property was recently sold in a closed transaction. The property spans 14,000 square feet and is zoned as M1-1. The sale price for the property was $6,450,000, resulting in a price per square foot of $460.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,450,000
• Address: 250 Johnson Avenue
• Market: East Williamsburg
• Zoning: M1-1

The buyer in this transaction was SEAGIS Property Group, while Morris Napolitano acted as the seller. The deal was facilitated by Julio Reyes from Reyes & Elsamad Real Estate Group and Hasanov Capital. These brokers helped ensure a smooth transaction for both parties involved.