Marvin Ramnath Purchases Industrial Property At 523 Liberty Avenue From Estate Of Lucy Ortiz For $3.328M

The industrial property located at 523 Liberty Avenue in East New York has been sold for a total price of $3,328,000. The asset occupies a square footage of 10,000, resulting in a price per square foot of $332. Additionally, the building has a total building size of 39,000 square feet with a price per building square foot of $85.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,328,000
• Buyer: Marvin Ramnath
• Seller: Estate of Lucy Ortiz
• Broker: Julio Reyes

Julio Reyes represented the transaction as the broker. The deal reflects continued activity in the East New York industrial market, showcasing the buyer's engagement in acquiring significant commercial real estate assets.