Andrew Cavitob Acquires Industrial Building In Williamsburg, Brooklyn For $4.75M

The industrial building located at 324 Maujer Street in Williamsburg, Brooklyn has been sold in a recent transaction. The property, which falls under the M1-2 zoning category, was purchased for a total price of $4,750,000. The building has a total building square footage of 12,256 and a price per square foot of $387. Additionally, the building has a total buildable square footage of 19,150 with a price per buildable square foot of $248. The lot size is 9,575 square feet, with dimensions of 100 ft x 95.75 ft. A permit for alteration was issued on May 15, 2018.

Summary of transaction details

• Property Type: Industrial building
• Transaction Amount: $4,750,000
• Market: Williamsburg, Brooklyn
• Zoning: M1-2
• Square Footage: 12,256
• Price per Square Foot: $387
• Buildable Square Footage: 19,150
• Price per Buildable Square Foot: $248
• Lot Size: 9,575 square feet
• Permit: Alteration 2 (05/15/2018)
• Lot Dimensions: 100 ft x 95.75 ft

The buyer in this transaction is Andrew Cavitob, while the seller is Glenn Lau-Kee. The transaction involved a tax class of 4 and had a floor area ratio (FAR) of 1.28.