Joseph Banda Acquires Williamsburg Office Space For $19M From Joseph Mattone & James Mannix

An office property located at 416 Metropolitan Avenue in Williamsburg was recently sold in a transaction on August 25, 2020. The property, with a lot size of 145 ft x 166.08 ft, was purchased for a price of $19,000,000. The buyer in this transaction was Joseph Banda, while the seller was Joseph Mattone & James Mannix. The property has a building square footage (BSF) of 52,758 and a price per building square footage (PPBSF) of $360. The zoning for this asset is M1-2/R6A, MX-8 with a floor area ratio (FAR) of 3 for residential use.

Summary of transation details

• Property Type: Office
• Transaction Amount: $19,000,000
• Address: 416 Metropolitan Avenue, Williamsburg
• Market: Williamsburg
• Buyer: Joseph Banda
• Seller: Joseph Mattone & James Mannix
• BSF: 52,758
• PBSF: $360
• Zoning: M1-2/R6A, MX-8
• FAR: 3 (Residential)
• Lot Size: 145 ft x 166.08 ft

The deal involved Joseph Banda as the buyer and Joseph Mattone & James Mannix as the seller. The transaction occurred on August 25, 2020, for a total amount of $19,000,000. The property, located at 416 Metropolitan Avenue in Williamsburg, is an office asset with a lot size of 145 ft x 166.08 ft. It has a building square footage (BSF) of 52,758 and a price per building square footage (PPBSF) of $360. The zoning for this asset is M1-2/R6A, MX-8 with a floor area ratio (FAR) of 3 for residential use.