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
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