Irina Constantine & Vincent Malerba Sell Industrial Property In Brooklyn For $5.65M With Haritini Pandis
34 Richards Street
$5,650,000
$476/SF
Building Size
11,850 SF
Asset Type
Industrial
Closing
Jan 13, 2026
AI
The transaction involves an industrial asset located at 34 Richards Street in Brooklyn, with a sale price of $5,650,000. The property encompasses 10,000 square feet, resulting in a price per square foot of $565. This sale marks a historical price record for an industrial building in the Red Hook area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,650,000
- Square Footage: 10,000
- Price Per Square Foot: $565
- Seller: Irina Constantine & Vincent Malerba
- Buyer's Representative: Haritini Pandis
- Brokers: Jakub Nowak & Jesse Kay - Marcus & Millichap
This transaction was facilitated through a comprehensive marketing campaign that generated over a dozen written offers. Acknowledgment is given to Haritini Pandis of Compass for collaboration throughout the process.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93