Greg Kaiser Acquires Mixed-Use Property At 147 Metropolitan Ave. In Williamsburg For $3.9M

A mixed-use property located at 147 Metropolitan Ave in the Williamsburg market has been sold at a price of $3,900,000. The property, with a total square footage of 3,162, was listed at an asking price of $3,850,000. The building has a buildable square footage (BSF) of 5,715, with a price per buildable square foot (PPBSF) of $682. The price per square foot (PPSF) for the property is $1,233. The asset is zoned as M1-2/R6A, MX-8, allowing for mixed industrial and residential use.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,900,000
• Address: 147 Metropolitan Ave
• Market: Williamsburg
• Zoning: M1-2/R6A, MX-8

The buyer of the property is Greg Kaiser, while the seller is Rafael Weiss. The transaction was facilitated by brokers Saiid Boukhalfa and Jesse Limon from Marcus & Millichap NY.

It is worth noting that the property will be delivered vacant upon closing, providing flexibility for potential future use or development.