Beard Street Acquisition Sells Industrial Property In Redhook, Brooklyn For $34M

The off-market industrial property located at 110 Beard St. in Redhook, Brooklyn has been sold in a closed transaction. The property spans 75,000 square feet and was sold for a total price of $34,000,000 at a price per square foot of $453.33. The seller in this transaction was Beard Street Acquisition, represented by Abe Leser. The buyer is an institutional investor who intends to redevelop the site into a first-class mid-size logistic facility, complete with parking.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $34,000,000
• Square Footage: 75,000
• Price per Square Foot: $453.33
• Date: 08/09/2022
• Address: 110 Beard St.
• Market: Redhook, Brooklyn

Pinnacle Realty Of New York, specifically David Junik, represented the seller, Beard Street Acquisition, in this transaction. Pinnacle Realty is a highly active brokerage firm in the boroughs and has recently sold or leased over a million square feet of real estate. For more information about leasing or to inquire about the value of your own site, you can contact David Junik, a partner at Pinnacle Realty, at 718 784 8282 or [email protected].