Kayne Anderson Capital Advisors Acquires Warehouse In Brownsville, Brooklyn For $20.7M

A warehouse located at 252 Newport Street in Brownsville, Brooklyn has been sold in a closed transaction. The property, with a total square footage of 55,000, was purchased by Kayne Anderson Capital Advisors, represented by Michael Levitt. The seller, Highland Development Ventures, was represented by Adam Hird. The transaction price was $20,700,000, resulting in a price per square foot of $376.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $20,700,000
• Address: 252 Newport Street
• Market: Brownsville, Brooklyn
• Buyer: Kayne Anderson Capital Advisors - Michael Levitt
• Seller: Highland Development Ventures - Adam Hird
• Total Square Footage: 55,000
• Price per Square Foot: $376

This transaction involved key individuals and companies. The buyer, Kayne Anderson Capital Advisors, was represented by Michael Levitt. The seller, Highland Development Ventures, was represented by Adam Hird. The successful sale of the warehouse reflects the active real estate market in Brownsville, Brooklyn.