The Beer Family Acquires Commercial Office In Williamsburg For $3.3M

243-247 Boerum Street is a commercial office property located in Williamsburg, Brooklyn. The property consists of three contiguous commercial townhouses and is zoned M1-1. The transaction took place on November 15, 2021.

Summary of transaction details

• Property Type: Commercial Office
• Transaction Amount: $3,300,000
• Address: 243-247 Boerum Street
• Market: Williamsburg

The buyer of the property is The Beer Family. The deal was facilitated by brokers Shaun Riney, Mike Salvatico, and Michael Kolbus from Marcus & Millichap. The sale price for the property was $3,300,000, with a total square footage of 10,500. The price per square foot is $314. The property consists of three units, with an average price per unit of $1,100,000.

According to a note from @NewYorkMultifamily, 243-247 Boerum Street is located near the new Netflix studios in East Williamsburg. The properties, constructed in 2006, offer vacant spaces with 20' ceilings, finished basements, and a private courtyard. If you are interested in learning more about the deal or are looking for similar value-add properties or an opinion of value on a similar property, you can reach out to Shaun Riney, Mike Salvatico, or Michael Kolbus.