The multi-storied warehouse located at 356 Devoe Street in East Williamsburg, Brooklyn was recently sold for a record-breaking price. The property, with an area of 10,350 square feet, commanded a sale price of $4,900,000, resulting in a price per square foot of $473. This transaction sets a new benchmark for industrial sales in the area, surpassing the previous record of $455 per square foot set by 180 Maspeth Ave in October.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,900,000
• Square Footage: 10,350
• Price per Square Foot: $473
• Address: 356 Devoe Street, Brooklyn
• Market: East Williamsburg

The sale of 356 Devoe Street was facilitated by brokers Jakub Nowak and Jason Moskowitz from The Nowak Group, representing the seller, Ira Levy. The transaction was completed with the assistance of Marcus & Millichap, a prominent real estate brokerage agency in New York. Ira Levy, managing partner of Vernon Real Properties, LLC, expressed his satisfaction with the outcome, stating, "I was so happy with Jason's hard work and diligence. I don't think anyone else would've pulled this off like him."