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SRM Concrete Acquires Industrial Building In Brooklyn's Brownsville For $12.5M

Property Image
SOLD
$12,500,000

New York

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Industrial9,435 SF
Sold 04/05/2024
the dealdetailscomps
Property Image
SOLD

SRM Concrete Acquires Industrial Building In Brooklyn's Brownsville For $12.5M

9814 Ditmas Avenue

See Similar Deals
Industrial9,435 SF
Sold 04/05/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,324
Total Square Footage:9,435 SF
Transaction Type:Sale

The industrial building located at 9814 Ditmas Avenue in Brooklyn's Brownsville neighborhood has been sold in a transaction totaling $12.5 million. Spanning 9,435 square feet, the property was acquired by SRM Concrete, specifically through its entity Hollingshead Materials LLC, from Almar Supplies' New Ditmas Realty LLC. The purchase price equated to approximately $1,325 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,500,000
  • Buyer: Jeff Hollingsworth - SRM Concrete
  • Seller: Rossana Bortone - Almar Supplies
  • Address: 9814 Ditmas Avenue
  • Market: Brownsville, Brooklyn

SRM Concrete, with headquarters in Smyrna, TN, made the purchase through Hollingshead Materials LLC from Almar Supplies' New Ditmas Realty LLC. The acquisition of the industrial building marked a significant transaction in Brooklyn, showcasing the strategic moves of the involved parties within the real estate market.

Details

SOLD
IMAGE: Jeff Hollingsworth DATE: 04/05/2024 ADDRESS: 9814 Ditmas Avenue MARKET: Brownsville, Brooklyn ASSET TYPE: Industrial BUYER: Jeff Hollingsworth - SRM Concrete SELLER: Rossana Bortone - Almar Supplies SALE PRICE: $12,500,000 SF: 9,435 ~ PPSF: $1,325 NOTE: SRM Concrete, headquartered in Smyrna, TN, acquired the industrial building (F2) at 9814 Ditmas Avenue in Brooklyn's Brownsville neighborhood for $12.5 million through its entity Hollingshead Materials LLC from Almar Supplies' New Ditmas Realty LLC.

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