Joseph Banda Acquires Williamsburg Industrial Property For $4M

The industrial property located at 382 Metropolitan Avenue in Williamsburg was recently sold in a closed transaction on August 25, 2020. The property spans a total building square footage (BSF) of 30,900 with a price-per-building square footage (PPBSF) of $129. Additionally, the property has a total square footage (SF) of 8,446 with a price-per-square footage (PPSF) of $473. The transaction was finalized at a price of $4,000,000.

Summary of transaction details:

• Property Type: Industrial
• Sale Date: 08/25/2020
• Address: 382 Metropolitan Avenue, Williamsburg
• Price: $4,000,000
• BSF: 30,900 / PPBSF: $129
• SF: 8,446 / PPSF: $473

The buyer in this transaction is Joseph Banda, while Hung Henry Koon is the seller. The property is currently occupied by the tenant @MilkBarStore. The property is zoned as M1-2/R6A, MX-8 and has a lot size of 25 ft x 151.08 ft. The previous sale of this property occurred in August 2005, with a sale price of $2,100,000.