Marcelli Family Sells Industrial Property In Greenpoint For $7.95M

The property asset involved in the transaction is located at 29 Meserole Avenue in Greenpoint. This industrial asset has a total area of 18,261 square feet and is zoned M1-1. The sale price for the property was $7,950,000, translating to a price per square foot of $435. The lot dimensions of the property are 90 feet by 175 feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,950,000
• Address: 29 Meserole Avenue
• Market: Greenpoint
• Asset Size: 18,261 SF
• Price per Square Foot: $435
• Lot Dimensions: 90 ft x 175 ft
• Seller: Marc Jason Realty Co. - Marcelli Family
• Brokers: James Nelson & Fritz Richter - Avison Young

The deal involved key individuals from Marc Jason Realty Co., with the Marcelli Family as the sellers. The transaction was facilitated by brokers James Nelson and Fritz Richter, who are associated with Avison Young, emphasizing their role in bringing the deal to fruition.