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34 Richards Street

Irina Constantine & Vincent Malerba Sell Industrial Property In Brooklyn For $5.65M With Haritini Pandis
SOLDIndustrial

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

Jesse Kay

Marcus & Millichap

Broker

$114.1M

vol

28 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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