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

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.