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312 Maujer Street, East Wil...

Lonti Ebers Acquires Industrial Property On Maujer Street In Williamsburg For $2.15M
SOLDIndustrial

Lonti Ebers Acquires Industrial Property On Maujer Street In Williamsburg For $2.15M

312 Maujer Street, East Williamsburg, Brooklyn, NY, USA

$2,150,000

$452/SF

Building Size

4,750 SF

Asset Type

Industrial

Closing

Feb 16, 2021

AI

The industrial property located at 312 Maujer Street in Williamsburg, Brooklyn was recently sold in a closed transaction. The property is zoned as M1-2, making it suitable for industrial use. The sale took place on February 17, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Address: 312 Maujer Street, Williamsburg, Brooklyn
  • Market: Williamsburg
  • Buyer: Lonti Ebers
  • Seller: Ambrosino Family
  • Broker: Julio Reyes of Reyes Elsamad
  • Asking Price: $2,200,000
  • Sale Price: $2,150,000
  • Building Square Footage: 4,750 SF
  • Price per Square Foot: $452
  • Building Square Footage: 9,500 BSF
  • Price per Square Foot: $226

The transaction was facilitated by Julio Reyes, who represented the buyer, Lonti Ebers, in the deal. The property was sold by the Ambrosino Family. This successful sale demonstrates the demand for industrial properties in the Williamsburg market.

Players

Julio Reyes

Broker

$32.9M

vol

13 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93