184 Moore Street Properties LLC Closes $12 million Purchase of 184 Moore Street in East Williamsburg

Around the corner from the Morgan Avenue L train stop in East Williamsburg, single-story brick warehouses have morphed from garment factories into culinary incubators, galleries, and last-mile hubs. On August 21, 2026, 184 Moore Street Properties LLC paid $12 million all-cash ($649 per building square foot across the three-parcel footprint) to buy 184 Moore Street from longtime owner M.I.A. Management Corp. When the deed closed on August 21, 2026, 184 Moore Street Properties LLC had officially taken down 184 Moore Street from M.I.A. Management Corp. for $12 million, with Brooklyn Industrial & Retail Advisory brokering the trade.

At $649 a square foot across 18,500 square feet, the trade establishes a clean clearing mark for East Williamsburg 3-parcel industrial & creative flex complex assets.

Why East Williamsburg M1-1 Brick Commands $12 Million All-Cash

Just as telling as the purchase price is what did not hit the city register alongside the deed: a senior mortgage. 184 Moore Street Properties LLC closed 184 Moore Street with $12 million of unencumbered equity—or an unsecured corporate line—allowing the buyers to move with immediate execution certainty.

When financing contingencies can stall a New York closing for sixty days, showing up with $12 million in cash at $649 a square foot is the sharpest weapon a buyer can bring to the negotiating table—leaving the sponsorship free to recapitalize in the senior debt market once initial leasing and business-plan milestones are locked in.

From Our Desk

When we look at 184 Moore Street on our placement desk at Light Tower Group, the lesson for New York sponsors comes down to the marriage of entry basis and capital structure. 184 Moore Street Properties LLC didn't try to fight the tape—they bought East Williamsburg footage at $649 a square foot and structured the stack to match the asset's timeline. With zero new M1-1 land being minted near the L train, user-buyers and private industrial funds are paying $960 per square foot of lot area in unlevered cash to control column-free East Williamsburg warehouse footprints.