Blake Baird Of Terreno Realty Corporation Acquires Garage In Brooklyn For $4.7M
428 33 Street
$4,700,000
$1,880/SF
Building Size
2,500 SF
Asset Type
Garage
Closing
Nov 17, 2025
AI
A garage located at 428 33 Street, Brooklyn, was sold for $4.7 million. The property encompasses a total area of 2,500 square feet, leading to a price per square foot of $1,880. The sale reflects active investor interest in Brooklyn industrial assets.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $4,700,000
- Address: 428 33 Street
- Market: Brooklyn
- Square Footage: 2,500
- Price per Square Foot: $1,880
- Buyer: Blake Baird - Terreno Realty Corporation
- Seller: Diane Dierks-Gershkowitz
- Date of Sale: November 17, 2025
Blake Baird of Terreno Realty Corporation is the buyer in this transaction, while Diane Dierks-Gershkowitz is the seller. The transaction indicates the ongoing activity level among investors in the industrial sector of the Brooklyn market.
New York Garage Market Snapshot
Boundary boundary · Garage · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93