William Shao Acquires Industrial Property On Maujer Street In Williamsburg, Brooklyn For $9.15M
SOLD
$9,150,000
+ 5
New York
See Similar DealsIndustrial25,225 SF
Sold
SOLD
William Shao Acquires Industrial Property On Maujer Street In Williamsburg, Brooklyn For $9.15M
346 Maujer St Brooklyn, NY 11206, USA
See Similar DealsIndustrial25,225 SF
Sold
+ 5
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$362
Total Square Footage:25225 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$487,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,508.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,375.67
Annual Debt Service$520,508.02
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