Peyser and Edelkopf of EPIC Commercial secure $28.25 million sale

EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of a 16 lot assemblage, 191-231 Moore Street, 33-39 White Street & 208-244 Seigel St., for development in East Williamsburg. The package, a 101,447 s/f lot in total, runs through the block, from Seigel to Moore Sts. and between White St. and Bushwick Ave. Currently, there are five industrial buildings on the lots, totaling 47,000 s/f. The site provides 530 ft. of frontage on Moore St., 100 ft. on White St. and 485 ft. on Seigel St. The assemblage also has dual zoning, M1-1 and M1-2, which allows for a total of nearly 170,000 s/f of commercial development. The 2.3 acre site is located one block from the L train on Morgan Ave., which runs through the actively industrial neighborhood of East Williamsburg. Being surrounded by a plethora of restaurants, bars, factories and warehouses made this space desirable to many developers. "I am thrilled for Toby Moskovits and Heritage Equity, it is a wonderful asset that they acquired," said Seth Peyser of EPIC. The site is slated to house tech and creative office space. The $28.25 million sale was brokered by EPIC sales associate Seth Peyser and CEO Yona Edelkopf who represented the buyers.