SOLD
Madison Capital Acquires Industrial Property On Court St. In Red Hook For $45M
688 Court Street
Industrial
160,000 SF
160,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
160,000 sqft
Located in the Red Hook market, the industrial property at 688 Court St. was recently sold in a closed transaction on May 27, 2021. The property spans 160,000 square feet and boasts a price per square foot of $281.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 688 Court St.
- Market: Red Hook
Madison Capital, represented by Richard Wegman, emerged as the buyer in this deal, while Jack Guttman served as the seller. The transaction was facilitated by David Junik of Pinnacle Realty. The property was listed with an asking price of $50,000,000 before ultimately selling at $45,000,000.
Pinnacle Realty, known for its expertise in off-market industrial transactions, including sales, rentals, and landlord and tenant representation, handled the negotiations for this deal. For additional information about this transaction, you can get in touch with David Junik by phone at 718-784-8282 or via email at [email protected].
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: David Junik
DATE: 05/27/2021
ADDRESS: 688 Court St.
MARKET: Red Hook
ASSET TYPE: Industrial
BUYER: Madison Capital - Richard Wegman
SELLER: Jack Guttman
BROKER: David Junik - Pinnacle Realty
ASKING PRICE: $50,000,000
SALE PRICE: $45,000,000
SF: 160,000 ~ PPSF: $281
NOTE FROM PINNACLE REALTY: Pinnacle Realty Of NY specializes in large off-market industrial transactions that include sales, rentals, and landlord, tenant representation.
For additional information contact:
👤David Junik
📱718 784 8282
📧[email protected]View on map
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Address688 Court Street
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