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LBA Realty Acquires Industrial Property In Red Hook & Beard Street For $34M

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SOLD
$34,000,000

New York

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Industrial92,700 SF
Sold 09/09/2022
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Property Image
SOLD

LBA Realty Acquires Industrial Property In Red Hook & Beard Street For $34M

236 Richards Street, Brooklyn, New York 11231, United States

See Similar Deals
Industrial92,700 SF
Sold 09/09/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$366
Total Square Footage:92,700 SF
Transaction Type:Sale

236 Richards Street & 118 Beard Street, located in Red Hook & Beard Street, has been sold for a total amount of $34,000,000. This industrial property spans across 92,700 square feet, resulting in a price per square foot of $366. The transaction took place on September 9, 2022. The buyer of the property is LBA Realty, represented by Perry Schonfeld. On the other hand, the seller is Leser Group, represented by Abraham Leser.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $34,000,000
  • Date: 09/09/2022
  • Address: 236 Richards Street & 118 Beard Street
  • Market: Red Hook & Beard Street
  • Square Footage: 92,700
  • Price per Square Foot: $366

Perry Schonfeld, from LBA Realty, played a crucial role as a representative for the buyer. Meanwhile, Abraham Leser served as the representative for the seller, Leser Group.

Players

BROKERAGE

Details

SOLD
IMAGE: Perry Schonfeld DATE: 09/09/2022 ADDRESS: 236 Richards Street & 118 Beard Street MARKET: Red Hook & Beard Street ASSET TYPE: Industrial BUYER: LBA Realty (@LBA_Realty) - Perry Schonfeld SELLER: Leser Group - Abraham Leser SALE PRICE: $34,000,000 SF: 92,700 ~ PPSF: $366

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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