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346 Maujer St Brooklyn, NY ...

William Shao Acquires Industrial Property On Maujer Street In Williamsburg, Brooklyn For $9.15M
SOLDIndustrial

William Shao Acquires Industrial Property On Maujer Street In Williamsburg, Brooklyn For $9.15M

346 Maujer St Brooklyn, NY 11206, USA

$9,150,000

$362/SF

Building Size

25,225 SF

Asset Type

Industrial

Closing

Aug 9, 2023

AI

A 25,225 square foot industrial property located at 346 Maujer Street in Williamsburg, Brooklyn has been sold for $9,150,000. The property boasts a price per square foot of $363.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,150,000
  • Address: 346 Maujer Street, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn

William Shao acted as the buyer in this transaction, while Michael Weitzman served as the seller. The deal was facilitated by a team of brokers from JLL including Brendan Maddigan, Jay Leshinsky, Stephen Palmese, Michael Mazzara, Winfield Clifford, and Ethan Stanton.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
William Shao

William Shao

Buyer

$83.3M

vol

8 deals

Buyer

Michael Weitzman

Double U Realty

Seller

$218.1M

vol

12 deals

Seller

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

1.73%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93