Luke Lichota pays $4.2M to Morgan Scholes Properties for industrial in East Williamsburg

Luke Lichota through the entity 171 Morgan Plaza LLC paid $4.2 million to Morgan Scholes Properties through the entity Morgan Scholes Properties Inc. for industrial (E1) at 171 Morgan Avenue in East Williamsburg, Brooklyn.
The deal closed on May 5, 2021 and was recorded on May 14, 2021.
The property has 10,000 square feet of built space and 0 square feet of additional air rights for a total buildable of 10,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is $415 per the PincusCo analysis.
The signatory for Morgan Scholes Properties was Kenneth Volandes. The signatory for Luke Lichota was Luke Lichota.
Lichota paid $7 million for another property in East Williamsburg in December 2020.

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