TerraCRG sells 17,500 s/f industrial building at 200 Seigel St. for $12 million

Brooklyn, NY TerraCRG negotiated the $12 million sale of the 17,500 s/f industrial building at 200 Seigel St. in East Williamsburg. The TerraCRG team, led by Daniel Lebor also including Dan Marks and Jackson O’Neill, represented the buyers on the transaction, Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation. Jerry Wang of Fact Real Estate represented the seller.

“We are thrilled to help contribute to Bungalow’s studio campus expansion in East Williamsburg,” said Lebor, Partner, and EVP at TerraCRG. “This transaction underscores the growing demand for flexible industrial spaces in Brooklyn, especially in neighborhoods like East Williamsburg, where creative and commercial enterprises are thriving. It’s exciting to be part of a project that supports the dynamic evolution of the borough’s real estate landscape.”

The M1-1 zoned property is built full on the lot and has ceiling heights reaching almost 29 ft. 200 Seigel St. is situated just one block from the Morgan Avenue L subway line and is surrounded by creative venues, restaurants, and nightlife, where companies like Netflix and Rivian have recently landed in the neighborhood.