Industrial in East Williamsburg sells for $4.7M

Tanya M. DeTullio through the entity 295 TRD Realty, LLC paid $4.7 million to the Carolyn M. Carrano Trust for the industrial building (E9) at 295 Lombardy Street in East Williamsburg, Brooklyn.
The deal closed on May 21, 2025 and was recorded on June 9, 2025. The property has 13,175 square feet of built space and 182,530 square feet of additional air rights for a total buildable of 195,220 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $354 and the price per buildable square foot is $23 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Carolyn M. Carrano was Dayna N. Carrano and Malika Touhamy. The signatory for Tanya M. DeTullio was Tanya M. DeTullio. The contract date was May 21, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Tanya M. DeTullio had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Carolyn M. Carrano had not purchased any other properties and had not sold any properties over the same time period. The 13,175-square-foot property generated revenue of $439,386 or $33 per square foot, according to the most recent income and expense figures.

The property

The industrial building in East Williamsburg has 13,175 square feet of built space and 182,530 square feet of additional air rights for a total buildable of 195,220 square feet according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 442 feet deep with a total lot size of 97,610 square feet. The lot is irregular. The zoning is M3-1 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $3 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In East Williamsburg, The majority, or 62 percent of the 17.1 million square feet of commercial built space are industrial buildings, with walkup buildings next occupying 11 percent of the space. In sales, East Williamsburg has 1.4 times the average sales volume among other neighborhoods with $382.2 million in sales volume in the last two years and is the 18th highest in Brooklyn. For development, East Williamsburg has 1.5 times the average amount of major developments relative to other neighborhoods and is the 9th highest in Brooklyn. It had 1.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

All properties are industrial.

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