The property involved in the transaction is located at 651 Fountain Avenue, Brooklyn, with an asset type classified as Industrial. The sale price for the property was $10,250,000. This industrial site spans 77,108 square feet and is valued at approximately $132 per square foot. It features four-street frontage and includes a 6,576 square foot shop building equipped with three drive-in doors, along with multiple access points.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,250,000
• Address: 651 Fountain Avenue
• Market: Brooklyn
• Square Footage: 77,108
• Price Per Square Foot: $132
• Buyer: Killian O'Brien & Alex Stahl - Jadian IOS
• Seller: Helene Carneglia
• Brokerage: David Schechtman, Ikey Betesh & Henry Barnathan - Meridian Capital Group

The deal was facilitated by Meridian Capital Group’s investment sales team, which includes brokers David Schechtman, Abie Kassin, Ikey Betesh, and Henry Barnathan. Jadian IOS plans to enhance the property with upgrades such as new paving, fencing, and landscaping, making the site suitable for various industrial uses, including fleet parking, logistics, vehicle rental, or utility storage.