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Jason Anderson And Maximilian J. Seitz Of Tegern Capital Acquire Industrial Property In Brooklyn For $4.25M

Property Image
SOLD
$4,250,000
Bobby Lawrence
DJ Johnston
Brock Emmetsberger

New York

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Industrial12,600 SF
Sold 12/03/2024
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Property Image
SOLD

Jason Anderson And Maximilian J. Seitz Of Tegern Capital Acquire Industrial Property In Brooklyn For $4.25M

415 Smith Street

See Similar Deals
Industrial12,600 SF
Sold 12/03/2024
Bobby Lawrence
DJ Johnston
Brock Emmetsberger
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$337
Total Square Footage:12,600 SF
Transaction Type:Sale

The industrial asset located at 415 Smith Street in Brooklyn has been sold for $4,250,000. The total square footage of the property is 12,600, yielding a price per square foot of $337. This site measures 63’ x 106’ and is situated in the Gowanus area of Brooklyn.

Summary of transation details:

In addition, Andrew Marcus of Matthews Real Estate Investment Services’ debt origination team arranged an acquisition loan for the buyers. Tegern Capital, founded by Jason Anderson and Maximilian J. Seitz, aims to develop properties that positively impact the communities they serve.

Players

Bobby Lawrence
Matthews
Bobby Lawrence
25 deals$80.7M volume(646) 933-2648
BROKER
Brock Emmetsberger
Matthews
Brock Emmetsberger
27 deals$348M volume(646) 933-2620
BROKER
DJ Johnston
Matthews
DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER

Details

SOLD
IMAGE: DJ Johnston, Jason Anderson, Bobby Lawrence, Maximilian J. Seitz & Brock Emmetsberger DATE: 12/04/2024 ADDRESS: 415 Smith Street MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Jason Anderson & Maximilian J. Seitz - Tegern Capital SELLER: The Uchitel Family BROKERS: DJ Johnston (@DJ.Johnston_Matthews), Bobby Lawrence (@BobbyLawrence_Matthews) & Brock Emmetsberger - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $4,250,000 SF: 12,600 ~ PPSF: $337 NOTE FROM BROKER: Brock Emmetsberger, DJ Johnston & Bobby Lawrence of Matthews REIS are pleased to announce the sale of 415 Smith Street in Gowanus, Brooklyn. The 63’ x 106’ development site sold for $4,250,000 or $337/buildable SF. Andrew Marcus of Matthews REIS’ debt origination team also arranged the purchaser’s acquisition loan. Tegern Capital, a New York City-based real estate developer led by Jason Anderson and Maximilian J. Seitz, acquired 415-419 Smith Street, a strategically located warehouse in the Carroll Gardens/Gowanus neighborhood. “This project aligns with our mission to develop properties that contribute meaningfully to the communities in which we operate”, said Maximilian J. Seitz Co-Founder of Tegern Capital.

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