Safdiah Family Sells Industrial Asset In Sunset Park, Brooklyn For $7.75M

The industrial property located at 129 31st Street in Sunset Park, Brooklyn, was recently sold for $7,750,000. Spanning 15,000 square feet, the property was acquired at a rate of $517 per square foot in an all-cash transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,750,000
• Address: 129 31st Street
• Market: Sunset Park, Brooklyn
• Seller: Safdiah Family
• Brokers: Jake Torre, Jason Grunberg & Charles Everett - SAB Capital
• Square Footage: 15,000
• Price per Square Foot: $517

Jake Torre, Jason Grunberg, and Charles Everett of SAB Capital successfully closed the deal on this industrial property. With a robust marketing strategy, they were able to facilitate 18 tours of the property and received 8 written offers. The buyer, identified as a local end-user, finalized the purchase at $7,750,000 in an all-cash, non-contingent deal.