Jacques Vidal Purchases Industrial Property From John Mariolis In Brooklyn For $3.1M

The property involved in this transaction is located at 39 15th Street in Brooklyn. This industrial asset has a sale price of $3,100,000 and encompasses a total square footage of 22,558, resulting in a price per square foot of $137.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,100,000
• Buyer: Jacques Vidal
• Seller: John Mariolis
• Brokers: Jake Torre & Jason Grunberg - SAB Capital
• Market: Brooklyn
• Square Feet: 22,558
• Price per Square Foot: $137

Jake Torre and Jason Grunberg represented the seller, John Mariolis, in the sale of the property. Their approach involved extensive outreach, making thousands of calls to generate interest among developers, investors, and end-users. This strategy yielded 14 property tours, 7 offers, and culminated in a non-contingent contract with a local artist who intends to use the building for an art gallery and studio for other Brooklyn-based artists.