75 Metropolitan Ave. in Williamsburg, Brooklyn
NEW YORK CITY— Developer Isaac Hager of Cornell Realty Group is leasing 40,500 rentable square feet and 3,500 square feet of outdoor space at 75 Metropolitan Ave. in Williamsburg, Brooklyn. The tenant signed a long-term lease with the owner, Metropolitan 75 Realty, which has an address of 110 Bridge St. in Brooklyn, and is headed by CEO Frank Eisenberg, according to public records. A Newmark Knight Frank spokesperson tells GlobeSt.com that a private Brooklyn family owns the company and that the price per square foot in the building is in the mid-40s.
NKF's Ryan Gessin represented the tenant, the developer Isaac Hager of Cornell Realty Group, as well as the owner, Metropolitan 75 Realty. An NKF team including Alyssa Zahler, Whitten Morris and Joseph Sipala also represented the owner.
75 Metropolitan Ave. is a five-story industrial building located two blocks from the waterfront in the heart of Williamsburg. Hager plans to renovate the property, adding a new façade, modernizing the lobby and elevators, and upgrading the building mechanicals.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
