The property involved in this transaction is a 6,956 square foot two-story warehouse located at 1481 McDonald Avenue in Midwood. The industrial asset was sold for $2,900,000, resulting in a price per square foot of $416. The property was delivered vacant and unrenovated, and it was purchased by a user. This sale marks the third industrial transaction on McDonald Avenue in the last 5 months, totaling nearly $20M in sales.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,900,000
• Address: 1481 McDonald Ave.
• Market: Midwood
• Buyer: Rubin Family
• Seller: Berk Family
• Bobby Lawrence & Jermaine Pugh - B6 Real Estate Advisors

Bobby Lawrence and Jermaine Pugh, representing B6 Real Estate Advisors, successfully sold the warehouse. For more information about the industrial market in Brooklyn, feel free to contact Bobby Lawrence at (646) 933-2648 or [email protected], and Jermaine Pugh at (646) 933-2633 or [email protected].