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185 Van Dyke Street

Updated Dec 4, 2024

Terreno Realty Corporation Acquires Industrial Property In Red Hook, Brooklyn For $27.5M
SOLDIndustrial

Terreno Realty Corporation Acquires Industrial Property In Red Hook, Brooklyn For $27.5M

185 Van Dyke Street

$27,500,000

$247/SF

Building Size

111,265 SF

Asset Type

Industrial

Closing

Oct 11, 2023

About this deal

AI

The industrial property located at 185 Van Dyke Street in Red Hook, Brooklyn, has been sold in a transaction. The property spans 111,265 square feet and was sold for a price of $27,500,000, resulting in a price per square foot of $247.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $27,500,000
  • SF: 111,265
  • PPSF: $247
  • Address: 185 Van Dyke Street, Red Hook, Brooklyn

Terreno Realty Corporation has acquired the property from Lande Alexander Inc. The sale was facilitated by a group of brokers from JLL, including Michael Mazzara, Robert Knakal, Hall Oster, Jonathan Hageman, Stephen Palmese, Brendan Maddigan, Ethan Stanton, Winfield Clifford, Daniel Morici, and Connor McCullough.

On the Map

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$27,500,000

$247/SF

Industrial

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Players

Brendan Maddigan

JLL

Broker

$5B

vol

134 deals

Broker
Terreno Realty Corporation
Terreno Realty CorporationBuyer

Lande Alexander

Lande Alexander Properties Inc

Seller

$35M

vol

3 deals

Seller
Bilt advertisement

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $247 per square foot on a published $27.5M for 111,265 square feet (2023).

Visit Connor McCullough to view all their deals.

Browse Brooklyn industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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