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428 33 Street

Blake Baird Of Terreno Realty Corporation Acquires Garage In Brooklyn For $4.7M
SOLDGarage

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.

Players

Blake Baird

Terreno Realty Corporation

Buyer

$2B

vol

54 deals

Buyer
Terreno Realty Corporation
Terreno Realty CorporationBuyer

New York Garage Market Snapshot

Boundary boundary · Garage · Sale transactions

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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