Steel Equities pays $20M to Yaakov Roth for property in East Williamsburg

Steel Equities through the entity Steel 375 Johnson, LLC paid Yaakov Roth’s Superior Holding LLC $20 million for 375 Johnson Avenue, 377 Johnson Avenue, 375 Johnson Avenue, 132 Bogart Street, 132 Bogart Street, and others in East Williamsburg. The deal closed on October 29, 2020, and was recorded on November 17, 2020. The transaction consists of 6 parcels, including the tax class light manufacturing building (F5). The property is 10,600 square feet. The parcel(s) have total development potential of 80,016 square feet.
The average sale price per square foot is $250.

The contract was signed September 15, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Joseph Lostritto