H&R REIT Acquires Industrial Asset In Gowanus, Brooklyn For $76.5M | 459 Smith Street | Industrial | Sale

Summary

Sale

NEW YORK

Industrial

166,000 sqft

The industrial asset located at 459 Smith Street in Gowanus, Brooklyn, spanning 166,000 square feet, was sold for $76.5 million. The seller, Kevin Maloney from Property Markets Group, successfully closed the transaction.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $76,500,000
Address: 459 Smith Street
Market: Gowanus, Brooklyn
Seller: Kevin Maloney - Property Markets Group

Canadian developer H&R REIT acquired the industrial asset, showcasing a growing interest in the Gowanus Canal area. The purchase signifies a strategic investment move in the evolving Brooklyn real estate market.

Details

Deal Summary

SOLD

IMAGE: Kevin Maloney DATE: 03/11/2024 ADDRESS: 459 Smith Street MARKET: Gowanus, Brooklyn ASSET TYPE: Industrial SELLER: Kevin Maloney - Property Markets Group (@PMGDevelopment) SALE PRICE: $76,500,000 SF: 166,000 ~ PPSF: $461 NOTE: Canadian developer H&R REIT has acquired a 166,000-square-foot parcel located at 459 Smith St. in Brooklyn from Property Markets Group for $76.5 million. The industrial asset purchase signals further investment interest in the Gowanus Canal area.

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Address459 Smith Street

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