Marcus & Millichap arranged the sale of an 11,850-square-foot industrial property in Brooklyn for $5,650,000. The property is located at 30 Richards St. in Brooklyn’s Red Hook neighborhood.
“At $565 per square foot on the building’s floor plate, this sale represents a record price for an industrial building in Red Hook,” said Jesse Kay in Marcus & Millichap’s Manhattan office. “This outcome is the result of a comprehensive marketing campaign yielding over a dozen written offers.”
Kay and Marcus & Millichap’s Jakub Nowak marketed the property on behalf of the seller. The buyer was procured by Haritini Pandis of Compass.
Built in 1931, the 11,850-square-foot building sits on a 100-foot-by-100-foot corner lot with frontage along Richards Street and Seabring Street. It includes high-ceiling ground-floor industrial space with two drive-in doors, mezzanine storage and second-floor office space.
The building was owner-occupied and was delivered vacant. It is convenient to the Brooklyn-Queens Expressway and the Hugh L. Carey Tunnel, providing access to Manhattan, Queens and greater Brooklyn.
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