Leo Friedman & Samuel Gutman Acquire Industrial Property In Williamsburg For $32M

Located in the heart of Williamsburg, this industrial property at 667 Kent Avenue & 25 Hooper Street recently changed hands in a closed transaction. The property spans a total area of 59,597 square feet and boasts a price per square foot of $537. The sale price for this transaction amounted to $32,000,000, making it a significant transaction in the market.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Address: 667 Kent Avenue & 25 Hooper Street
• Market: Williamsburg
• Buyer: Leo Friedman & Samuel Gutman
• Seller: Jacques Freund & Morris Lowy
• Building Square Footage (BSF): 110,956
• Price per BSF: $288
• Price per Square Foot (PPSF): $537

Leo Friedman and Samuel Gutman acted as the buyers in this transaction, while Jacques Freund and Morris Lowy represented the sellers. With its prime location and impressive features, this property attracted significant attention from investors. The deal was completed on 10/03/2022, marking a successful transaction in the industrial sector of Williamsburg.