TerraCRG, the only commercial real estate brokerage and advisory firm exclusively focused on Brooklyn, today announced the successful $12 million sale of the 17,500 SF industrial building at 200 Seigel Street 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 Daniel 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 Street is ideally 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.
About TerraCRG — Only Brooklyn.®
TerraCRG is Brooklyn’s leading commercial real estate brokerage firm, specializing exclusively in the Brooklyn market. Founded in 2008 by Ofer Cohen and today led by CEO Dan Marks, TerraCRG has become a driving force behind the borough’s transformation, handling over $3 billion in transactions. With a team of over 25 professionals, TerraCRG offers unparalleled expertise in commercial real estate, from sales and leasing to advisory services.
Known for their deep local knowledge, industry expertise, and commitment to civic involvement, TerraCRG has earned the trust of property owners, developers, and institutions seeking to navigate Brooklyn’s rapidly evolving real estate landscape.
For more information about TerraCRG, visit www.terracrg.com.