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Michael Wahba Acquires Industrial Property In Brooklyn's Sunset Park For $4.1M

245 48th Street
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This Industrial property located in NY was sold for $4,100,000 over 2 years ago. The brokers of the deal were Jakub Nowak and Jake Torre

A industrial property located at 245 48th Street in Brooklyn was recently sold for a price of $4,100,000. The property has a total area of 7,700 square feet and a price per square foot of $533. This transaction sets a historical price record for industrial sales north of 2,500 square feet in the Sunset Park neighborhood.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,100,000
  • Address: 245 48th Street, Brooklyn
  • Market: Brooklyn

The buyer in this transaction was Michael Wahba, while Meyer Bodner acted as the seller. The deal was facilitated by the brokers Jakub Nowak and Jake Torre from The Nowak Group, who are associated with Marcus & Millichap.

For more information or to discuss NYC industrial and commercial property sales, you can reach out to the experts at The Nowak Group. Jakub Nowak can be contacted at 718-475-4353, and Jake Torre at 718-475-4325.

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Deals
  • Location
    245 48th Street, Brooklyn, NY 11220, USA245 48th Street, Brooklyn, NY 11220, USA
  • Sale Price
    $4,100,000$4,100,000
    $532 PPSF$532 PPSF
  • Area
    7,700 SF7,700 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Jakub Nowak

Jakub Nowak

Deals67
Financed$352.8M

Jake Torre

Jake Torre

Deals12
Sold$58.7M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

SAB Capital

SAB Capital

Agency
Deals34
Volume$261.5M

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Deal Summary

SALE IMAGE: Jakub Nowak & Jake Torre DATE: 11/24/2021 ADDRESS: 245 48th Street MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Michael Wahba SELLER: Meyer Bodner BROKERS: Jakub Nowak (@Jakub_H_Nowak) & Jake Torre (@J_Torre38) (The Nowak Group) (@The_Nowak_Group) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $4,100,000 SF: 7,700 ~ PPSF: $533 NOTE FROM @The_Nowak_Group: Sold at $533/SF - a historical price record for industrial sales north of 2,500 SF in the Sunset Park neighborhood. To speak with our team of experts versed in the unique challenges involved in the sale of NYC industrial & commercial property, please give us a call. Jakub Nowak - 718 475 4353 or Jake Torre - 718 475 4325.

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