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Sunlight Development Group And Xia Zhou Acquire Industrial Building In Greenpoint, Brooklyn For $18.8M

Property Image
SOLD
$18,750,000

New York

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Industrial52,003 SF
Sold 07/21/2023
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Property Image
SOLD

Sunlight Development Group And Xia Zhou Acquire Industrial Building In Greenpoint, Brooklyn For $18.8M

Industrial52,003 SF
Sold 07/21/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$360
Total Square Footage:52,003 SF
Transaction Type:Sale

An industrial building located at 49 Ash Street in Greenpoint, Brooklyn, has been sold for $18.8 million. The property has a total square footage of 103,132, with a price per square foot of $182. The building itself spans over 52,003 square feet and has a price per square foot of $361.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $18,750,000
  • Address: 49 Ash Street, Greenpoint, Brooklyn
  • Buyer: Sunlight Development Group & Xia Zhou
  • Seller: Joseph Torres
  • Buyer's Representative: Greenpoint Summit LLC
  • Seller's Representative: Not specified

Sunlight Development Group and Xia Zhou, represented by Greenpoint Summit LLC, successfully acquired the industrial building at 49 Ash Street. The property was purchased from the seller, Joseph Torres, and Greenpearl Group LLC for a total of $18.8 million. This transaction marks a significant investment in the Greenpoint, Brooklyn market.

Players

SG
Sunlight Development Group
BUYER
JT
Joseph Torres
3 deals$38.7M volume
SELLER

Details

SOLD
IMAGE: 07/21/2023 ADDRESS: 49 Ash Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Industrial BUYER: Sunlight Development Group & Xia Zhou SELLER: Joseph Torres SALE PRICE: $18,750,000 BSF: 103,132 ~ PPBSF: $182 SF: 52,003 ~ PPSF: $361 NOTE: Sunlight Development Group and Xia Zhou, represented by Greenpoint Summit LLC, acquired an industrial building (E1) at 49 Ash Street in Greenpoint, Brooklyn, from Joseph Torres and Greenpearl Group LLC for $18.8 million.

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