Bain Capital & Bungalow Projects Acquire Industrial Property In Red Hook For $34M

An industrial property located at 145 Wolcott Street in Red Hook was recently sold for $34,024,939. The property spans 80,000 square feet, translating to a price per square foot of $425. Additionally, the building size is 225,000 square feet, amounting to a price per square foot of $151.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,024,939
• Address: 145 Wolcott Street
• Market: Red Hook

The sale was facilitated by brokers David Behin, Daniel O'Brien, and Caroline Hodes from Newmark. The buyers, Bain Capital & Bungalow Projects, acquired the property from the sellers, Four Points & 20 Lakes Holding, in this significant transaction.