New York City School Construction Authority Acquires Industrial & Development Site In Red Hook For $32M

The industrial and development site located at 21 & 35 Delavan Street in Red Hook has been sold in a recent transaction. The property, with a building square footage (BSF) of 145,800, was purchased by the New York City School Construction Authority from the seller, Acuity Capital Partners. The sale price for this transaction amounted to $32,000,000, resulting in a price per building square footage (PPBSF) of $219.

Summary of transaction details

• Property Type: Industrial & Development Site
• Transaction Amount: $32,000,000
• Address: 21 & 35 Delavan Street, Red Hook
• Market: Red Hook
• Buyer: New York City School Construction Authority
• Seller: Acuity Capital Partners
• Building Square Footage: 145,800
• Price per Building Square Footage: $219

In this transaction, the buyer, represented by their broker New York City School Construction Authority, acquired the industrial and development site from the seller, Acuity Capital Partners, who was represented by their broker, Acuity Capital Partners. It is noteworthy that the New York City School Construction Authority played a key role in this deal, strategically expanding their property portfolio in Red Hook.